Kaja Whitehouse of the New York Post reports that Devin Wenig, the CEO of Reuters markets division, defended editor in chief David Schlesinger and the handling of a story about hedge fund manager Steve Cohen that was killed in a conference call with journalists last week.
Whitehouse writes, “The comments come on the heels of a minor uprising at the news agency, after reporters discovered that editors killed a story looking into Cohen’s trades after the hedge funder called Wenig to complain.
“A Reuters reporter was apparently investigating allegations Cohen’s ex-wife, Patricia, raised in a filed lawsuit — that he admitted to trading on confidential information in the 1980s. After Cohen’s, Wenig called Reuters Editor-in-Chief David Schlesinger and the story was subsequently killed.
“On Wednesday, Wenig assured staffers he would ‘never jeopardize’ the companyâ€™s 150-year history or the so-called Trust Principles, under which Reuters acts ‘at all times with integrity, independence and freedom from bias,’ according to the companyâ€™s web site.
“Wenig also defended Schlesinger, saying he has 30 years of unblemished record under his belt. The CEO explained that he receives similar complaints at least once a week and always refers them to Schlesinger or the appropriate editor.”
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