Crossword Genius

For big business leaders, change management's losing men (8)

Ross

I believe the answer is:

magnates

'for big business leaders' is the definition.

'change management's losing men' is the wordplay.
'change' indicates anagramming the letters.
'losing' is a deletion indicator.
'managements' with 'men' taken out is 'managets'.
'managets' anagrammed gives 'MAGNATES'.

(Other definitions for magnates that I've seen before include "Business tycoons or influential people" , "Very wealthy or powerful businessmen" .)

I've seen this clue in The Guardian.
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