Reuters Information’s Glocer Trades In Cars For Internet
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NEW YORK--One year ago, John Parcell, chief executive of Reuters Information, told Waters his plan to increase operating margins of Reuters’ core business, which were then trailing those of its trading business. Now Tom Glocer has Parcell’s job, among others, and he is still keen on increasing margins. He is taking a different approach, however. "We’ve abandoned the model year concept," he says.
In fact, Glocer says the whole automobile manufacturing model is not one he chooses to follow for
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