Industry Leaders Address Pending Recession
Just why is it the more senior the executive, the more buffoonish and meaningless their commentary becomes? Advertising Age asked ten industry leaders to comment of the impending recession and what it means to the ad business. Many, from TNS Senior VP Jon Swallen to KIA Motors CMO Ian Beavis to Bear Sterns Analyst Alexia Quadrani to Pizza Hut CMO Brian Niccol offer insight and concise detail on what they see happening in the market and what their companies are doing to keep moving ahead in a downturn.
DraftFCB Chairman-CEO Howard Draft confirms our hypothesis with this bland commentary, saying, "I remain cautiously confident. At this point, we're not seeing any major client cutbacks. Our budgets remain on track." Hey, we all want to be upbeat but would it have been so difficult for Howard to leave press release speak behind and actually offer the industry something meaningful?