Dow Jones Family Member Quits Job

An outspoken member of the family that controls Dow Jones & Co. has quit his job at the publisher of the Wall Street Journal. William Cox III, who had been in charge of sales and marketing for Dow Jones Global Indexes, has been unhappy with the performance of Dow Jones stock, which sits below highs set more than 10 years ago. Dow Jones said the letter of resignation was dated and received Friday. Cox, 41, had been with the company for more than 18 years. A message left at Cox’s office seeking comment was not immediately returned. Dow Jones would offer no additional details. One of the big problems facing Dow Jones is its Dow Jones Telerate financial information unit. Dow Jones has decided to pump $650 million into Telerate to improve its performance so it can better compete with Bloomberg and Reuters.