There's a reason why the name Thomson in Thomson Reuters Corp. comes first. When push comes to shove, the family whose investment firm owns 55% of the financial news and data company calls the shots. And the Thomson family's fingerprints are all over last week's ouster of Chief Executive Thomas Glocer.
Thomson Reuters said Glocer, 52, will depart Jan. 1 when he also steps down from the board, The Wall Street Journal reported. The company's chief operating officer, James Smith, 52, will take his place after less than two months as COO. Smith, a one-time journalist, is a long-time Thomson man; he joined the family firm in 1987.
That a Thomson loyalist would eventually run the show was perhaps inevitable after Thomson Corp. bought Reuters Group in 2008. Yet as recently as last month, Glocer said he was confident that his restructuring of the markets division, which generates more than half the company's sales, would become more profitable, according to Bloomberg. His replacement suggests more change is needed.
His exit follows the departure of a half dozen employees in the past six months.
B2B Trends (Sales Machine)
Sales Machine offers five business-to-business sales trends to watch, including the impact of mobile devices, natural disasters and "silly putty" contracts.
Job Hope (WSJ)
Some good news for job seekers: Unemployment dropped to 8.6% in November, the lowest level since March 2009. At the same time, U.S. companies added 120,000 jobs for that month.
Lowes Eyes Albuquerque (KOAT)
Lowes is investing $13 million in the old AOL building in Albuquerque, N.M., with plans to build a customer contact center that could bring 600 jobs to the area.
Editorial Directing (FINS)
As traditional media companies slash budgets and shed staff, many of their editors and writers are finding new opportunities directing content for retail, social networking and entertainment companies, among others.
Lang's Appeal (WSJ)
Laura Lang's appointment as Time Inc.'s new chief executive has everything to do with her knowledge of digital media as well as the continued decline of print.
Twitter Reluctance (Reuters)
Several "old media" executives say that they are uncomfortable sharing personal information, especially via Twitter.
Eyeing Digital Growth (Ad Age)
The New York Times Company may soon acquire a technology or information company to help boost its digital growth, says the company's chief executive, Janet Robinson.
Buzz Around the Office
Ah, the spirit of joy.
List of the Day: Witty Job Titles
Many companies are tossing tired, traditional job titles for new ones that add a little personality to job descriptions. Here are a few new-age examples:
1. Happiness Advocate
2. Social Media Trailblazer
3. Copy Cruncher
(Source: AOL Jobs)