Glocer Weeds Out Job's Management Team in Crusade for IP Grail

ORGANIZATION AND MANAGEMENT

LONDON--Given the latest round of Reuters staff cuts, it is clear that the "old Reuters" has no place in CEO-designate Tom Glocer's plans for the IP-based "new Reuters." Glocer made cuts at the very top of the Reuters food chain and announced a major reorganization, recasting the company along four new customer/sales verticals--Investment Banking/Brokerage, Treasury, Asset Management and Corporates/Media.

A spokesperson declines to comment on whether there will be any similar changes in the

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