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Tom Glocer, £4 million to the good, house-hunting in New York

Tom Glocer, who pocketed £4 million after selling some of his Thomson Reuters shares near the top this week, plans to buy a new home in New York, the Financial Times reported.

The CEO, who relocated to his hometown from London last year, sold 200,000 shares at £20.11 - near their all-time high of £20.34 - on Tuesday.

The family kept an apartment in New York while Glocer lived in London as pre-merger Reuters CEO. They also own a lake house in Finland, where Glocer's Finnish wife Maarit grew up. 

The FT, which has been reading Glocer's blog, says it's a cut above the usual CEO effort. "Mr Glocer writes about everything from Obama to markets, the future of newspapers, technology (he loves Facebook), books (he reads Roth to Dostoevsky to Houellebecq), music (The Grateful Dead), and 'soccer vs footie'. He started his blog, he says, after deciding that he could see what it was like himself, or pay a pricey consultant to write him a report on it."

 

Tom Glocer's blog ■

SOURCE
Financial Times