What do Sears and Pearson have in common? They were once at the top of their respective industries, have sold off most of their assets, and are in constant crisis mode. The worst part of the comparisons are both businesses believe they can cut jobs, sell assets (subsidiaries/land/buildings), and reorganize multiple times in order to become profitable. At some point soon, stockholders will see there is nothing left to sell, cut, or reorganize.
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I'm surprised that Pearson Higher Ed did not restructure the sales force this summer. With the Senior VP of sales out the door, it would have made sense. It will be interesting how they operate in Q4.