, Columnist
Pearson Buys Time
The textbook publisher's second restructuring in three years may not go far enough
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Pearson is asking investors for patience as it embarks on its second big restructuring since 2013. In return, it made the surprise move to keep its dividend. Shareholders should still be wary.
The education company is underestimating the deep changes technology is having on its business and is ill-equipped to manage a sprawling operation that spans 80 countries.