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Pearson CEO to Retire and company will sell remaining Penguin Random House stake
marketwatch ^ | 12/18/19 | Adria Calatayud

Posted on 12/28/2019 2:09:01 AM PST by Freedom of Speech Wins

Pearson PLC said Wednesday that Chief Executive John Fallon plans to retire next year, and that it has agreed to sell its remaining 25% stake in Penguin Random House to Bertelsmann SE & Co. KGaA for $675 million.

The London-based education publisher PSON, -0.46% said Fallon will retire in 2020 once a successor has been appointed. The company will consider both external and internal candidates as part of a succession process, it said.

Pearson said the sale of its remaining stake in Penguin Random House to its partner is in line with the company’s simplification strategy and follows the disposal of a 22% interest in the joint venture two years ago.

https://www.marketwatch.com/story/pearson-ceo-to-retire-and-company-will-sell-remaining-penguin-random-house-stake-2019-12-18

(Excerpt) Read more at marketwatch.com ...


TOPICS: Crime/Corruption; News/Current Events
KEYWORDS: 2020; bookdeals; commoncore; education; johnfallon; obama; pearson; pearsonplc; penguin; randomhouse
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1 posted on 12/28/2019 2:09:01 AM PST by Freedom of Speech Wins
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To: Freedom of Speech Wins

In other words, there is some crap news coming and he’s getting out.


2 posted on 12/28/2019 2:21:55 AM PST by Jonty30 (What Islam and secularism have in common is that they are both death by cultsther)
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To: Jonty30

IIRC Barrry gave them a $350M contract around common core and then they gave him a, what was it, $45M book publishing deal?

Famous letter of the alphabet was dropping about it again last night.


3 posted on 12/28/2019 2:25:10 AM PST by 9YearLurker
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To: Freedom of Speech Wins

The “retiring” CEO is 57 years old.


4 posted on 12/28/2019 2:29:03 AM PST by 9YearLurker
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To: Freedom of Speech Wins

Common core crimes coming, knew it knew it knew it!


5 posted on 12/28/2019 2:44:40 AM PST by ronnie raygun
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To: Freedom of Speech Wins

Obamas sign record book deal worth estimated $65 million [REMINDER]
5/16/2018, 8:34:34 PM · by nwrep · 92 replies
AL.COM ^ | March 1, 2017
Former President Barack Obama and his wife Michele have signed a multi-million book deal with Penguin Random House. Terms of the deal were not released but Financial Times reported bidding for the two-book deal had reached more than $65 million, a record amount for presidential memoirs.


6 posted on 12/28/2019 2:56:07 AM PST by piasa (Attitude adjustments offered here free of charge.)
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To: Freedom of Speech Wins
Obama and this son-of-a-bitch tortured and scarred our children with Common Core. They both got rich off hundreds of millions of dollars of taxpayer money.

Obama Hussein got a kickback of millions.


7 posted on 12/28/2019 3:02:24 AM PST by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: All
Worshipful Susan Rice gets her daily orders from the Obama police state.

"Get me dirt on that guy over at Penguin books.
I need a phony book deal to hide some money."

8 posted on 12/28/2019 3:03:01 AM PST by Liz (Our side has 8 trillion bullets; the other side doesn't know which bathroom to use.)
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To: Liz

New from penguin books... it’s cookin the books with the obamas.... an international cook book from freedom press.


9 posted on 12/28/2019 3:19:09 AM PST by teeman8r (Armageddon won't be pretty, but it's not like it's the end of the world)
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To: Freedom of Speech Wins

Wondering if Spygate and/or Brexit have anything to do with this...


10 posted on 12/28/2019 3:37:20 AM PST by mewzilla (Break out the mustard seeds.)
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To: Freedom of Speech Wins

I can’t help wondering how many FReepers here subjected their own kids to Common Core, or Common Core by any other name (such as public school math).

I suspect most...


11 posted on 12/28/2019 3:37:31 AM PST by BobL (I drive a pickup truck to work because it makes me feel like a man.)
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To: piasa
And speaking of Bertelsmann, from 2008...

German Publishing's Man in the White House

12 posted on 12/28/2019 3:39:16 AM PST by mewzilla (Break out the mustard seeds.)
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To: ronnie raygun

He’s going to retire in 2020... US election year.


13 posted on 12/28/2019 3:40:49 AM PST by piasa (Attitude adjustments offered here free of charge.)
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To: mewzilla
One more from 2008...

Bill Clinton's $30 million German paymaster

14 posted on 12/28/2019 3:41:03 AM PST by mewzilla (Break out the mustard seeds.)
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To: mewzilla
From 2017...

George Soros and German Media

15 posted on 12/28/2019 3:44:49 AM PST by mewzilla (Break out the mustard seeds.)
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To: teeman8r
Heh.......love it . And let's not forget, Dumbomba won't reveal donors to the financial entity funding
his monstrosity of a library that nobody wants in her neighborhood. Must be lotsa hanky-panky there.

We need to get Judicial Watch to do a FOIA.

Judicial Watch
425 3rd Street, SW, Suite 800
Washington, DC 20024
TELE 1-888-593-8442 between 8:30am and 5:30pm EST.

16 posted on 12/28/2019 3:57:09 AM PST by Liz (Our side has 8 trillion bullets; the other side doesn't know which bathroom to use.)
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To: GOPJ; Jane Long; MinuteGal; jsanders2001; V K Lee; HarleyLady27; stephenjohnbanker; ...
QUID PRO QUO ANYONE? Penguin gets $350M tax dollars around Common Core and Obama and wife
get a multi-million book deal ----terms not released----Financial Times reported the two-book deal
at more than $65 million, a record amount for presidential memoirs.

And let's not forget, Dumbomba won't reveal donors to the financial entity funding
his monstrosity of a library that nobody wants in their neighborhood. Must be lotsa hanky-panky there.

We need to get Judicial Watch to do a FOIA.

ACTION NOW

Judicial Watch
425 3rd Street, SW, Suite 800
Washington, DC 20024
TELE 1-888-593-8442 between 8:30am and 5:30pm EST.

Civil Rights Division of the Department of Justice How to file a complaint: https://www.justice.gov/crt/how-file-complaint Call President Trump: Comments: 202-456-1111 Switchboard: 202-456-1414 WH EMAIL CONTACT PAGE https://www.whitehouse.gov/contact/

US CONGRESS SWITCHBOARD: (202) 224-3121

U.S. Department of Justice
Comment Line: 202-353-1555 Switchboard: 202-514-2000


FBI tip line web site----https://www.fbi.gov/tips
FBI electronic fraud unit----www.fbi.gov/scams-and-safety/common-fraud-schemes/internet-fraud
FBI Major Case Contact Center: 1-800-CALL-FBI (225-5324)

17 posted on 12/28/2019 4:04:39 AM PST by Liz (Our side has 8 trillion bullets; the other side doesn't know which bathroom to use.)
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To: 9YearLurker
The “retiring” Penguin CEO is 57 years old.

Poor thing.......thinking up ways to hide $350 million tax dollars musta exhausted him....cackle.

18 posted on 12/28/2019 4:07:31 AM PST by Liz (Our side has 8 trillion bullets; the other side doesn't know which bathroom to use.)
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To: 9YearLurker

For at least 30 years book publishers have been the way for the leftists to provide payola to their minions.

I have watched it over and over. think of the billions leftists had had washed through book publishers.

Dirty dirty industry, with the sanctimonious air of education and wealth. Best thing that can happen, break them up, imprison the bribers, and imprison the treasonous. for being on the take in this country is akin to treason against the people.

Breaking trust given.


19 posted on 12/28/2019 4:13:09 AM PST by Chickensoup (Voter ID for 2020!! Leftists totalitarian fascists appear to be planning to eradicate conservatives)
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To: piasa

nope. Saxon math for my four.


20 posted on 12/28/2019 4:14:45 AM PST by Chickensoup (Voter ID for 2020!! Leftists totalitarian fascists appear to be planning to eradicate conservatives)
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