New Book On "How the Wheels Came off at Reuters", and More Cash Maneuvers
Well those folks (still) on Fleet Street can't keep out of the headlines. On the same day that Reuters CEO Tom Glocer spoke with The Wall Steet Journal, the Motley Fool reports that a new book entitled Breaking News - How The Wheels Came Off At Reuters by two former Reuters journalists will be released 2 October (already available for orders on Amazon), even as Reuters prepares to sell off its research properties The Yankee Group and TowerGroup. In the interview with WSJ, Glocer reviews the trials of a U.S.-style manager trying to open up the management culture of the British icon, perhaps with a certain lack of appreciation for just how difficut it is to keep initiative alive as you're axing both heads and culture wholesale. According to the Fool, the new book echoes this sentiment, but reminds us of how dawdling the old regimes had been in using immense resources to plan aggressively for the future. As Glocer tries to align cash resources through selling assets even as they are suing Moneyline as retribution for lost business, one wonders just who will be left to move in to Canary Wharf in 2005.