Bloomberg Editor Has Blunt Message for Reporters Who May Be 'Inclined to Sneer' at the Rich

Bloomberg's editor-in-chief sent a message to his reporters who may be "inclined to sneer" at the rich or investment bankers on Wall Street: Bloomberg is not the place for you to work.

Bloomberg Editor-in-Chief John Micklethwait (Image source: YouTube)

In a company-wide memo explaining layoffs and outlining the publication's new direction, John Micklethwait took a moment to address the attitude reporters at Bloomberg should have when approaching work.

"[I]f you are not intrigued by how people make money, or are inclined to sneer at those who are good at it, or yearn to practice 'gotcha journalism' on investment bankers simply because they’ve chosen to be bankers, Bloomberg is probably the wrong place for you," he wrote.

Micklethwait did note that the news outlet isn't "slavish boosters of every form of capitalism," but said in his memo that reporters should have a "passion for business, finance and markets."

"Some of you may worry that chronicling capitalism means singing the praises of Mammon or boosting individual moneymakers. Not at all. Our job is to expose financiers’ mistakes and vanities, to probe into imperfect markets and to point to potential speculative bubbles - not least because that is exactly the information that our readers, viewers and listeners need to do their jobs," he wrote.

On Tuesday, Bloomberg began the process of laying off approximately 80 employees.

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