the business of F & R has remained flat for many years and only way to show growth in profit (EBITA) is to layoff . We hear even Bloomberg has been cutting its Sales force and focusing towards R & D. It's true that TR (F& R -USD 6 Billion)has 2X manpower compared to BBG (revenue USD 9 Billion) and we were hearing that David Craig would be leaving at the start of the year , so this could be true now
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It’s in rough seas you need a competent captain.
Sadly ours wasn’t and now he is chucking crew overboard to save the ship.
This is why these guys at the top are paid the big bucks and benefits. We trust in them to steer the company in the right direction and make correct decisions in times of austerity in finance.
Sadly ours have not and this is the result .
This was posted last year