Pluto dogs Reuters
With its internet floats in doubt and a sticky industrial tribunal coming up,
Reuters could do without the potentially negative influence of Pluto.
Reuters is in poll position, but there are clouds on the
horizon. The float of its successful Internet start-up investment
arm, Greenhouse, has been shelved because of the weakness in e-
stocks. Its other projected float, the Instinet trading platform,
is also in doubt.
These wobbles appear to be a symptom of the subterranean
action of the underworld planet, Pluto. The current Jupiter-Pluto
opposition has been making a series of hits across the finance
axis of the Reuters chart. November 13 is a key date, and it
would be no surprise if this precipitated the Instinet float.
Pluto has dragged something unpleasant into the light, and
although it seems small enough now it points to problems next
spring. Reuters faces an industrial tribunal claim by a former
senior employee, Kim Usher, accusing it of constructive
dismissal, sexual discrimination, and bullying. CEO Peter Job is
alleged to have talked of women in management as "adding a bit of
spice to the pie". The day set for the tribunal, May 1, has the
sun exactly on the organisation's Pluto, suggesting unwelcome
light on shady places. It looks likely that editor-in-chief Mark
Wood will give evidence against his boss, and quite apart from
the facts of the case, this manifestation of internecine strife
is the worst possible image to project. Amongst several tough
indications, Peter Job (July 13 1941) is in the middle of his
second Saturn return, and this planet can be a grim reaper of
high ambitions. He would be advised to seek a rapid closure to
this saga, or he may soon be closing a chapter with Reuters.