Bloomberg News Editor on Spying: 'The Error is Inexcusable'

Matthew Winkler, editor-in-chief of Bloomberg News, has issued a mea culpa for those staffers who used their Bloomberg Terminals to spy on Goldman Sachs workers. Winkler explained that the practice of using the Terminals to access log-in information dates back to the beginning of Bloomberg News. “There was good reason for this, as our reporters used to go to clients in the early days of the company and ask them what topics they wanted to see covered,” wrote Winkler.