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Glocer Weeds Out Job’s Management Team; Sayers Rises

ORGANIZATION AND MANAGEMENT

LONDON--It is clear that the "old Reuters" has no place in CEO-designate Tom Glocer’s plans for the IP-based "new Reuters," given the cuts made at the very top of the Reuters food chain.

Reuters also announced a major reorganization, recasting the company along four new customer/sales verticals--Investment Banking/Brokerage, Treasury, Asset Management and Corporates/Media. Phil Green, previously head of Reuters Information and Reuters Transaction Solutions, will serve as the company’s chief

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