CONFLICT: Reuters Chairman is Pfizer Investor and Board Member
The chairman and former Chief Executive Officer (CEO) of the Reuters news agency – James C. Smith – is a top investor and board member for pharmaceuticals giant Pfizer. That is a massive conflict of interest.
He was elected to the board in 2014, as well as joining Pfizer’s Corporate Governance and Science and Technology Committees.
The news raises serious conflict of interest concerns as corporate media outlets such as Reuters continue to promote Pfizer products, defend pharmaceuticals companies from criticism, and move to silence skeptics.
Smith is currently the Chairman of the Thomson Reuters Foundation, the London-based charity known for providing news and information to billions of readers.
He was also the President, Chief Executive Officer, and on the Board of Director of Reuters from 2012 until his retirement in 2020.
He has worked with the organization since 1987, when they were known as the Thomson Newspaper group.
He has also served as the CEO of the professional division, overseeing legal, tax and accounting, and intellectual property and science businesses.
Later, he went on to lead the North America operations for the news organization.
In an official statement at the time, Ian Read, Pfizer’s chairman and CEO said: “We are pleased to have Jim Smith join Pfizer’s Board of Directors. He brings leadership and operational and international business experience to Pfizer’s Board, and will be an excellent asset to the company. The addition of Jim to our Board helps ensure that Pfizer will continue to benefit from a breadth and variety of experience.”
In the last year alone, Reuters has published more than 22,000 articles mentioning Pfizer.
The company has only published 8,191 articles related to Moderna, and 18,000 related to Johnson & Johnson.
Many of the articles about Johnson & Johnson were negative in sentiment, unlike their Pfizer reporting.
Smith is also linked to the World Economic Forum (WEF), where he serves on the board of Partnering Against Corruption Initiative.
He’s also a member of WEF’s International Business Advisory Boards of British American Business and the Atlantic Council.
According to the Wall Street Journal, Smith also holds the position of President & CEO of Refinitiv Transaction Services, Ltd, who boasted $6.25 billion in revenue with more than 40,000 customers and 400,000 end users across 190 countries.
Refinitiv was a member of the Thomson Reuters Group until 2018.
See more here: thenationalpulse.com
Header image: Financial Times
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Bill
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“…he is also on the boards of the World Economic Forum…”
It’s all just a coincidence. Move along and go watch some sportsball.
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Tom
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This is common practice. It’s SOP for the FDA and CDC to have “conflict-of-interest” people running the show.
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NecktopPC
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EXCLUSIVE IMF, 10 countries simulate cyberattack on global financial system
“These events are creating havoc in the financial markets,” said a narrator of a film shown to the participants as part of the simulation and seen by Reuters.
n Jerusalem December 9, 2021 REUTERS/ Ammar Awad
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JERUSALEM, Dec 9 (Reuters) – Israel on Thursday led a 10-country simulation of a major cyberattack on the global financial system in an attempt to increase cooperation that could help to minimise any potential damage to financial markets and banks.
The simulated “war game”, as Israel’s Finance Ministry called it and planned over the past year, evolved over 10 days, with sensitive data emerging on the Dark Web. The simulation also used fake news reports that in the scenario caused chaos in global markets and a run on banks.
The simulation — likely caused by what officials called “sophisticated” players — featured several types of attacks that impacted global foreign exchange and bond markets, liquidity, integrity of data and transactions between importers and exporters.
“These events are creating havoc in the financial markets,” said a narrator of a film shown to the participants as part of the simulation and seen by Reuters.
Israeli government officials said that such threats are possible in the wake of the many high-profile cyberattacks on large companies, and that the only way to contain any damage is through global cooperation since current cyber security is not always strong enough.
“Attackers are 10 steps ahead of the defender,” Micha Weis, financial cyber manager at Israel’s Finance Ministry, told Reuters.
Participants in the initiative, called “Collective Strength”, included treasury officials from Israel, the United States, the United Kingdom, United Arab Emirates, Austria, Switzerland, Germany, Italy, the Netherlands and Thailand, as well as representatives from the International Monetary Fund, World Bank and Bank of International Settlements.
https://www.reuters.com/markets/europe/exclusive-imf-10-countries-simulate-cyber-attack-global-financial-system-2021-12-09/
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NecktopPC
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I’m not sure why my post above appears the way it does. It’s not what I prepared to post. This site needs an edit feature.
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