Friday, March 10, 2006

Lowe, the 'unique asset'

Michael Roth, the Interpublic chief executive, was on fine form at ISBA yesterday talking about the link between agency compensation and performance, but what we really wanted to hear about on this perfectly timed London visit was Lowe London and Garry Lace.

 Sadly, Roth was keeping his lips pretty much tightly sealed when we did put the question to him all that he would say was that Lowe London was a "unique asset".

Sadly, Roth was keeping his lips pretty much tightly sealed when we did put the question to him all that he would say about Lowe London was this:

"Brand Republic's where I usually get my updates. I think Lowe is a unique asset to Interpublic... in many ways" [he got the laughs from the audience he wanted with that] We are adding resources to Lowe."

Obviously we like to keep Roth informed, but the "unique asset" line is one we're definitely going to use ourselves. What a diplomat. In future when we talk about agencies with few clients and short of a few senior directors, we'll be sure to refer to them as unique assets.

It's Friday again, of course, so if anyone knows who the suspended Lowe London chief executive Garry Lace is dining with and where, of course we'd love to know.

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