Reuters' Dramatic Share Price Moves Capped Off With Glocer Named CEO
YEAR IN REVIEW 2000
The end of the millennium was not pleasant for Reuters' investors. The share price collapsed in October 1999 when CEO Peter Job gave non-answers to investor questions about Reuters' Internet strategy at a conference (IMD, Oct. 25, 1999). The American Depository Shares fell 49 percent from a $93.38 a share on Sept. 9, 1999 to $50.25 a share on Oct. 26.
On Feb. 8, 2000, Job unveiled plans to spend £500 million over the next four years in the migration of Reuters to total Internet delivery (IMD
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