Categories: OLD Media Moves

Bloomberg tax reporter leaving for Ernst & Young job

Bloomberg News tax reporter Ryan Donmoyer is leaving the wire service for a job at tax firm Ernst & Young, reports Ira Stoll of FutureofCapitalism.com.

Stoll writes, “Bloomberg customers curious about how Mr. Donmoyer got his job at Ernst & Young can use their terminals to browse some of the past coverage. Ernst & Young global tax vice chairman Mark Weinberger was quoted so regularly by Mr. Donmoyer in Mr. Donmoyer’s Bloomberg dispatches that he practically deserves a cut of Mr. Donmoyer’s Bloomberg wages: May 29, 2009; July 7, 2009; February 11, 2005; June 19, 2006; February 11, 2007; June 20, 2007, October 25, 2004.

The web site of the American Council for Capital Formation even carries a photograph of Mr. Weinberger and Mr. Donmoyer standing next to each other at a June 2010 event. How was a reader of the Bloomberg wire to know when seeing Mr. Weinberger quoted all those times whether Mr. Donmoyer viewed him as a source, as a potential future employer, or as some combination thereof?

Anyway, it sure looks like an opportunity for Bloomberg to improve its Washington tax coverage. Maybe Mr. Donmoyer will bring some of his editors along to Ernst & Young, too? David Cay Johnston?

Read more here. A former Bloomberg News staffer thinks the criticism of Donmoyer’s coverage of his future employer is unfair. What do you think?

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View Comments

Brian O'Connor says:
March 3, 2011 at 4:03 pm
This is a joke, right?
A wire service reporter, who probably turns out more than 200 stories a year, quotes a highly placed executive at a major company on his beat seven whole times in the six-years from 2004 and 2009 (not even twice a year!) and this somehow is proof that the reporter shilled for the exec in hopes of landing a job SEVEN YEARS after his first story ran?
Clearly, I am trying to land a job with Comerica bank since I quote their leading economist about five times a year, not because he is an expert on my state economy at a leading bank for the region, but just to suck up in hopes of landing a job in another three years.
anonymous says:
March 3, 2011 at 7:24 pm
I have to agree. Donmoyer is held in extremely high regard in both tax and journalism circles. The DC bureau was blindsided yesterday -- it was quite a shock for Bloomberg to lose him. Ira Stoll's fixation on him is a little weird too -- did he really go hunting through the deep pages of google to find that photo? I mean, come on, consider the source of this criticism: A failed newspaper editor and Wall Street apologist who thinks someone's going to give him $250,000 a year to support his blog? Give me a break.