It didn't take much
THE frightening thing about the decline of Reuters is that its bosses did not do anything terribly wrong. Certainly, they paid insufficient attention to a new company called Bloomberg and they made a few decisions which with hindsight turned out to be wrong. It could have happened to any company, which is what gives an everyman quality to the tale of how Reuters lost £20 billion of market value in a little over three years.
This article appeared in the Culture section of the print edition under the headline “It didn't take much”
From the November 1st 2003 edition
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