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Tom Glocer

Tom Glocer no doubt sealed his fate [Tom Glocer: ‘We’re not magicians’]. His comments that the benefits of his reorganization may not fully kick in until 2013 is unlikely to instill confidence in the Thomson Reuters hierarchy, already disillusioned with the company’s sagging stock price, a seemingly never-ending stream of staff shake-ups and product makeovers not receiving the envisioned enthusiastic reception. If conditions “remain tough”, as Glocer says, then his tenure as chief executive may well end sooner rather than later. ■