Finally, we've got the "what." But what about the "why"?

Reuters last week announced its biggest management restructuring in years, accompanied by a fair amount of spin--"No big deal" was the message to outsiders.

Sure, the regions haven't disappeared, as was widely predicted in the mainstream press. And the man they reported into--Andre Villeneuve--hasn't retired, as this column suggested he might.

But the reorganization, which places P&L responsibility firmly in the clutches of the London hea

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