INSIDER
INSIDER
• Just how did Reuters manage to lose so much money--and defy analysts by making an even bigger loss than predicted? Insider has a theory: does anyone recall the recent space mission that went inexplicably wrong until someone discovered half the team had been working in centimeters while the other half worked in inches? Insider has heard that halfway through his sterling-denominated results presentation to analysts last Tuesday, CEO Tom Glocer, lapsed into dollars. Oops.
• In another sign of the
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