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Lunch for Tuesday, February 1

February 1, 2005
By Michael Cader

Jovanovich Will Leave Pearson Head of Pearson’s education unit Peter Jovanovich, 55, is resigning, in the wake of continuing medical complications following a double-lung transplant almost a year ago. Divisional heads will now report directly to Pearson CEO Marjorie Scardino, as was the case during Jovanovich’s lengthy leave-of-absence. As Pearson’s largest and most important division, the educational unit yields about 60 percent of the company’s sales (and an even larger share of its profits); a predicted resurgence in US educational markets has been billed as a key to Pearson’s 2005 performance. Reuters report Borders’ Nonfiction Pick Borders has been oddly […]

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