Reuters To Halt Drift Of Power To New York From London


Reuters Holdings PLC managing director and chief executive officer Peter Job is seeking to reverse the internal drift of power from the company's head office in London to New York, home of Reuters America (RAM). The move stems from RAM's track record of little if any profit and delayed product launches, which sources say irked Job during his stint as head of Reuters Asia (RA).

At the same time, Job is reorganizing top-level management at Reuters. Sources say Andre Villeneuve, managing

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