OLD Media Moves

Reuters launches first enterprise packages

October 23, 2009

Reuters launched its first enterprise news packages within the past few days.

Newly hired enterprise editor Jim Impoco, the former Sunday business editor of The New York Times, and deputy Claudia Parsons edited the two multimedia packages.

The first was on the emergence of executive pay as an issue for the U.S. central bank. It was planned weeks ahead and came to fruition with perfect timing on the day new rules were announced for executive compensation. Stories by Pedro da Costa and Steve Eder tell how the Federal Reserve’s clampdown represents a striking shift in policy for an organization that has long favored a hands-off approach.

The second package published Friday was on the risks taken with pensioners’ money by America’s biggest pension fund, the California Public Employees’ Retirement system, or Calpers. The fund manages about as much money as the gross domestic product of Israel — around $200 billion. Calpers built up a gold-plated reputation over the decades, founded on steady returns combined with a willingness to pioneer new investments and police public companies as an activist shareholder.

But in an embarrassing reversal of fortune, it said this month it was probing fees paid by outside money managers to win its business, expanding a review of “pay-to-play” schemes at public retirement systems that has spread across the nation. Reuters has been investigating whether pensioners and state workers in California should be equally worried about the fund’s perfectly legal activities.

Correspondents Peter Henderson, Jim Christie, Jennifer Ablan and Paritosh Bansal wrote the stories.

The packages, the first of more than a dozen already in the works, can be seen on our website at www.reuters.com. To read the one executive pay, click here. To read the one on Calpers, click here.

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