Even long time successful parts of the TR corporation are in danger of going down the tubes thanks to this terrible handling of this re-org. "New TR" must mean "NO TR".
Seems everyone I talk to now in the office has no idea why things are being done the way they are. Why rip apart successful things?
Because some overpaid consulting company came in and told you what you wanted to hear? "Diversify".
To hell with success and positive results, gut the f---ing place? To what end?
$189 million in tax deficiencies was settled with $10 million to the IRS. Are there other tax irregularities that are influencing Management’s current actions?
TRGR pwns all of TR assets and is a Swiss based company.
If nothing else, the move to Switzerland should have given it away.
The board is basically dissolving the enterprise. 14 years ago, we were high on the idea that Learning, S&H, Finance and Legal (which included Tax at the time), had massive synergies across the multiple markets, and the combination of these assets would become an immutable force in the knowledge worker marketplace.
Fast forward, and it's being sold for parts. I wonder how much of this dissolution has to do with political issues around TRGR's tax avoidance scheme (which was in full operation prior to the Reuters acquisition). Maybe this is the Thomson's way of stonewalling the IRS. The move to Toronto was part of that too, I imagine.
Well, Lord Thomson will still be able to afford race cars and art...which is all that really matters, eh?