OLD Media Moves

Reuters CEO Tom Glocer is a blogger

May 11, 2007

Posted by Chris Roush

In the wake of the talks between Reuters Group and Thomson Corp. that would make Reuters CEO Tom Glocer the head of the combined company, Forbes.com assistant news editor Parmy Olson profiles the former attorney and notes that he has a blog.

Tom GlocerOlson wrote, “Glocer notes on his blog that machines have increasingly replaced humans in high-velocity, thin-spread markets such as spot FX, cash equities and U.S. Treasuries. ‘All of this is good news for Reuters,’ he added in a post dated March 17.”

Later, Olson noted, “Glocer’s public blog is irritatingly free from any information on the latest developments in the takeover bid from Thomson, his most recent post being about a recent trip to Brazil. But the reticence is not surprising given the fact that Glocer used to be a mergers and acquisitions lawyer with Davis Polk & Wardwell, experience which will stand him in good stead during merger talks.

“Greeting readers with ‘Hi. This is my blog site,’ Glocer goes on to complain that official communications from companies are ‘all too often … concocted by overeager PR machines and do little to tell you anything new about the author or his or her true interests.’

“For Glocer, those interests include reading ‘anything by Roth, Rushdie, Saramago, Camus, Mahfouz, Mann, Dostoevsky, Helprin, Marquez, Houellebecq,’ and listening to, amongst others, the Grateful Dead, U2 and Coldplay. For insight into ‘how Reuters deals with globalization,’ he suggests readers check out pages 16 to 21 in Tom Friedman’s book The World is Flat.”

Read more here.

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