Pearson PLC

Pearson PLC is a British multinational educational services and publishing company based in London. It is the world’s largest book publishing and educational services company.

In May 2013, Pearson announced a new organizational structure to accelerate its penetration of digital learning, educational services, and emerging markets. The change also takes into account the decision to decouple the Penguin-centric publishing business by forming a separate entity along with Random House forming Penguin Random House. This new structure combines the educational services companies Pearson International and Pearson North America under a single company called Pearson. Pearson will be organized into three global lines of business – School, Higher Education and Career. The Financial Times Group and Pearson English will be part of Pearson Professional.

Pearson owns 47% of Penguin Random House, the world’s largest book publisher, and 50% of the Economist Group, the publishing group specializing in international business.

Pearson is listed on the London Stock Exchange and is part of the FTSE 100 index. It is also listed on the New York Stock Exchange.

Index

• 1 The Mergermarket settlement for sexual harassment allegations
• 2 Investigation of The Financial Times for market manipulation in Germany
• 3 References
• 4 External links

Mergermarket settlement for sexual harassment allegations

On January 30, 2015, two employees of Mergermarket (later renamed Acuris) filed in the Southern District of New York a complaint against the company with the assigned index number 15-cv-00688, alleging various claims (namely, discrimination pregnancy, gender discrimination, sexual harassment, national origin discrimination, racial discrimination and retaliation), specifically against former CEO Hamilton Matthews and CEO Jonathan Reed. Major newspapers reported these events from the time the company It belonged to the Pearson Group through The Financial Times Group. On September 3, 2015, the parties signed an agreement without disclosing any of its terms.Other company employees told minor websites that the abusive and unprofessional behavior of other Mergermarket editors and directors also contributed to a sexist work environment. In 2020 Hamilton Matthews founded the London-based financial company Flintway.

Investigation into The Financial Times for market manipulation in Germany

In January 2019, the FT began a series of investigative articles detailing suspected fraud at the German payments group Wirecard. When Wirecard’s share price plummeted, German media speculated that market manipulation was behind this attack on a German company, focusing on the lead author of the FT series, Dan McCrum. The Munich Public Prosecutor’s Office subsequently launched an investigation Following a formal complaint by an investor, Wirecard and the German Federal Financial Supervisory Authority, the responsible State Prosecutor is currently investigating several FT journalists.

References

1. Jones, Philip (June 21, 2010). “Pearson stays on top as world’s largest book publisher.” The Bookseller. Retrieved August 18, 2010. 
2. “Private equity to buy Pearson’s IDC for $ 3.4 billion.” Reuters. May 4, 2010. Accessed August 18, 2010. 
3. Gordon, Kathy (May 23, 2013). “Pearson Details Restructuring”. The Wall Street Journal. Retrieved June 26, 2013. 
4. “Claim filed”. 
5. “Former Mergermarket Employees Suing Over Discrimination Plaintiffs Say They Were Targeted on the Basis of Gender and Ethnicity.” 
6. “Dispute Between Mergermarket and Former Employees Headed to Mediation Parties have until June 11 to schedule a date for an initial hearing.” 
7. “Details of the settlement for the complaint of sexual harassment against Mergermarket”. 
8. “Lawsuit Calls Mergermarket a Gropey ‘Boys Club’ with a ‘Hot List”. 
9. “BC Partners’ Mergermarket bunga bunga”. 
10. “BC Partners’ Mergermarket sex harassment continues”. 
11. “Flintway Website”. 
12. “Staatsanwaltschaft ermittelt gegen einen Financial-Times-Journalisten”. 

external links

• Pearson plc official page

•   Data: Q1916402
•   Multimedia: Pearson plc