The New York Times raises an eyebrow at Tom Glocer's blog

Glocer's posting is an unusual step for a media executive, the Times said on Monday under the headline Thomson Reuters CEO Has a Sympathetic Ear for Goldman Sachs. The New York-based global investment banking and securities firm, a Thomson Reuters customer, has been criticised for its role in the deals. The SEC has accused Goldman Sachs of fraud relating to the structuring and marketing of a synthetic collateral debt obligation (CDO) offering.

"But Mr Glocer - whose firm serves clients in the financial-services industry, and who oversees the Reuters news service - said such criticism wasn't yet merited," the newspaper said in its Media Decoder blog.

“It just seems too easy and too politically expedient to jump on this bandwagon,” Glocer wrote. “Perhaps the firm will eventually be found liable of these charges, although I rather doubt it. But what happened to our prized principles of maintaining innocence prior to being proven guilty?”

Glocer said “Goldman does not need me to defend them - they have far better lawyers on retainer. But when most of the world is ready to convict and condemn before trial, my sense of fairness suggests we should suspend judgment until the full story emerges.” 

Among comments posted on Glocer's blog, Dolly wrote: "Your argument is very weak. Did not expect this from you." 

A Very Loyal TR employee said: "For every job 'right sourced' to India there is a mother or father who worked hard to build Thomson Reuters. The business world could be many things but fair."

Tom Glocer's blog ■