Thomson Reuters

If Tom Glocer continues to cock things up with his preferential US hirings and lack of financial success a disgruntled Thomson family might float the news side off and a British entrepreneur could snap it up for peanuts and begin the Reuters story all over again.

David Cay Johnston's incredibly lengthy and tortuous explanation of why his debut column for Reuters was all wrong [How I misread News Corp’s taxes] speaks volumes. In fact, quite amusing in its way. ■