Yesterday’s investor reaction to the coming executive change at Pearson, with John Fallon taking over from Marjorie Scardino at the beginning of 2013, was rather opaque, but today shares traded in the US jumped 2.5 percent at the opening bell, near an all-time high at more than $20 a share. At a news conference, Mr. Fallon said supportive things about Penguin and the Financial Times, calling them “highly successful businesses in their own right” that integrate well with the “strategic grain of what we are trying to do across Pearson.” He called FT in particular a “valued and valuable” part […]