![]() ![]() It wasnt a bad product, but it wasnt a Bloomberg killer. It was the first product to be dubbed a Bloomberg killer, and that was unfortunate, says Douglas Taylor, a former Reuters executive who worked on the project. But the alleged Watergate tactics failed, as would Decision 2000. Reuters played hardball but it also played dirty, evidence suggests: In the late 1990s, federal prosecutors obtained more than 100 communications between Reuters officials and a consulting company that investigators believed was hired to steal information from Bloomberg, according to The New York Times. Stephen Levkoff, with developing an investment analytics system on par with the one luring away clients. Reuters tasked Capital Market Decisions, a firm led by ex-Smith Barney executive J. Dubbed Decision 2000, the projects goal was no less than the destruction of Reuters competitor and its terminals.īut to beat Michael Bloombergs brainchild, the legacy brand first needed to rival it. In 1989, Reuters the legendary international news agency based in London launched an ambitious and secretive project.īloomberg, a relatively young New Yorkbased company, had been eating into Reuters market, providing analytics and data to Wall Streets Masters of the Universe via proprietary terminals. ![]()
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