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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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To: Chickensoup

$65M took it up an order of magnitude, however.


21 posted on 12/28/2019 4:19:36 AM PST by 9YearLurker
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To: 9YearLurker

they are pigs.


22 posted on 12/28/2019 4:20:23 AM PST by Chickensoup (Voter ID for 2020!! Leftists totalitarian fascists appear to be planning to eradicate conservatives)
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To: 9YearLurker

If I had his money, I’d have retired earlier than that....


23 posted on 12/28/2019 4:35:39 AM PST by trebb (Don't howl about illegal leeches, or Trump in general, while not donating to FR - it's hypocritical.)
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To: trebb

Right, but your mindset is not what got him to where he is.


24 posted on 12/28/2019 4:40:23 AM PST by 9YearLurker
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To: All
AND THIS----THE OBAMA/NETFLIX QUID PRO QUO DEAL.

Netflix signed a deal with M/M Obama for $65M.

CONTACT NETFLIX: 1 (866) 579-7172

WEB STE---www.netflix.com

NETFLIX CORPORATE
100 Winchester Circle
Los Gatos, CA 95032

Reed Hastings, Chairman, President and CEO
Phone(408) 540-3700
Fax(408) 540-3737
Twitter IDs @netflix

TO COMMENT OR CANCEL---Netflix/Customer service----1 (866) 579-7172

============================

Obama toady, cable-tv hopper Susan Rice, got a cushy do-nothing seat on the Board of Netflix.

25 posted on 12/28/2019 5:07:15 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

Wonder if Reed Hastings has an Epstein problem....


26 posted on 12/28/2019 5:13:11 AM PST by mewzilla (Break out the mustard seeds.)
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To: mewzilla

LOL......possible....very possible.


27 posted on 12/28/2019 5:14:13 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: Jonty30

Hope not. Random House (Penguin/Sentinel) has bee the publisher of most of my titles over the years: “Patriot’s History of the United States,” “Seven Events that Made America,” “48 Liberal Lies,” “America’s Victories,” and “The Patriot’s History Reader,” just to name a few.


28 posted on 12/28/2019 5:25:10 AM PST by LS ("Castles made of sand, fall in the sea . . . eventually" (Hendrix))
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To: LS
Per Handelsblatt, it's a done deal.

Bertelsmann kauft Buchsparte komplett

Sorry to see this.

29 posted on 12/28/2019 5:33:02 AM PST by mewzilla (Break out the mustard seeds.)
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To: All
This lamebrain held a (gag) salute to abortion on Netflix.

TO COMMENT OR CANCEL---Netflix/Customer service----1 (866) 579-7172

NOTE: Netflix's exclusive deal with the Obamas’ "Higher Ground Productions" means more liberal whining on Netflix.

30 posted on 12/28/2019 5:37:03 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: SkyPilot

When taking standardized tests, for example the SAT and ACT, there is no way you have enough time to use the convoluted method of Common Core math to work problems.

This is the dirty little secret that no one in public education talks about. Private schools don’t teach that garbage (or whole word reading).


31 posted on 12/28/2019 6:10:22 AM PST by webstersII
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To: webstersII

Math education has been screwed up long before Common Core. For some reason the National Council of Teachers of Mathematics loves to reject math teaching practices that actually work. Anyone remember ‘modern math’? My first teaching job I was trying to teach fourth and fifth graders how to add and subtract in base 6. Then we went to base 12!

When I was a lad, the times tables were drilled into us until we knew them as well as our own names. Third grade math was devoted to getting those times tables into our thick skulls.

But it was boring and no doubt caused some to had math and the stupid times tables. When the time came to add and subtract fractions—fifth grade—we didn’t have to use our fingers to figure out how to change thirds into twelfths when adding 1/3 + 1/12. And yes, I’ve seen 8th graders have to do it that way.


32 posted on 12/28/2019 6:49:11 AM PST by hanamizu
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To: SkyPilot

Obama’s math indeed.


33 posted on 12/28/2019 7:11:52 AM PST by Vaduz (women and children to be impacIQ of chimpsted the most.)
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To: Liz

QUID PRO QUO ANYONE? First question Obama asked in his first day in office.
Has house to prove it.


34 posted on 12/28/2019 7:13:48 AM PST by Vaduz (women and children to be impacIQ of chimpsted the most.)
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To: Vaduz

Heh......


35 posted on 12/28/2019 7:15:58 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

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

HAHAHA!!!!


36 posted on 12/28/2019 7:43:19 AM PST by bitt (A FRIVOLOUS impeachment vote is a SEDITIOUS CONSPIRACY)
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To: bitt

Why is it I keep getting this feeling in my gut that somehow all of this corruption leads back to the Clinton Foundation?


37 posted on 12/28/2019 8:50:50 AM PST by EQAndyBuzz (When you think about what the left is doing to America, think no further than Cloward-Piven)
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To: Chickensoup

Include Comey and McCabe....

Almost all of the pols


38 posted on 12/28/2019 9:17:30 AM PST by combat_boots (God bless Israel and all who protect and defend her! Merry Christmas! In God We Trust! Hi)
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To: Freedom of Speech Wins

Justice Breyer’s wife is related to the Pearsons, but at this point, I don’t think the family controls the company any more.


39 posted on 12/28/2019 9:37:56 AM PST by x
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To: combat_boots

absolutely


40 posted on 12/28/2019 9:40:16 AM PST by Chickensoup (Voter ID for 2020!! Leftists totalitarian fascists appear to be planning to eradicate conservatives)
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