Archive for February, 2008

Investors Dally

According to Wall Street lore, bears and bulls can both make money, it’s the pigs that get slaughtered. A taxonomic litany to which I would add one more species: And the chickens that squawk. Mainly because it’s chickens, like yours truly, who sometimes fail to act on the courage of their convictions and end up bitching about the great opportunities they missed.

Case in point, I’ve been ragging on Google for nearly a year now, claiming among other things that its understanding of advertising was limited at best and that the Ponzi scheme otherwise known as the “greater fool” theory was going to run out of suckers sooner or later resulting in what’s disingenuously referred to as a “correction” to its vertiginous stock price. Continue reading ‘Investors Dally’

Was Ist Los?

BMWCan someone please tell me what in the Dickenschmidt is going on with German car advertising these days. For decades it was a showcase of extraordinary advertising, but lately it looks more like a meat case of automotive advertising at its wurst. (Okay, enough with the German gags.) But seriously, this flyweight of a BMW ad you see here is just the latest in a series of new lows for this marque.

Years ago, BMW advertising was subject to a number of screens. The guys running the creative, either Tom Thomas or Joe O’Neill (and ultimately Marty Puris), would take a look at all the work that had been developed. If something was a good idea, it might make it as a co-op ad or a subhead in one of the brand’s brochures (back when integrated marketing just happened instead of being constantly touted as the new, new thing). If it was a really good idea, it got elevated to being a DAG ad. (”Dealer Advertising Group” for the uninitiated.) And only if it was a truly extraordinary ad did it make it to the national arena. (What can I say, there was a sale of italics this week.) Continue reading ‘Was Ist Los?’

A Simple Lesson

No matter how long you’ve been around the ad-making business, you’re bound to be familiar with the injunction to “keep it simple.” People don’t have a lot of time to look at ads. And they sure as hell don’t have the spare bandwidth to figure out what the fuck it is you (or the sponsor) are trying to tell them. Sounds simple enough, right?

CoronaExcept it isn’t. Because as these two ads demonstrate, there’s a line (and it ain’t that fine, if you ask me) between an ad that’s simply brilliant and one that’s simply stupid. Take a look and see what you think. Continue reading ‘A Simple Lesson’

Irkutsk Or Kaputsk

Coming up with a decent angle on Super Bowl advertising that doesn’t just bounce back and forth between composing paeans to a few and taking swipes at the rest is a bitch. However, if I put this off much longer, we’ll be talking about the advertising on XLIII. So I’ve settled on the notion of risk.

“Risk” as we all know is a) a great board game if you happen to have a few friends you wouldn’t mind seeing the back of for a good six months or so, b) anathema to the world of business, marketing and advertising in particular and c) more or less unavoidable every time you put a piece of communications out for the world to see, especially on the Super Bowl. Continue reading ‘Irkutsk Or Kaputsk’

“Does Macys Tell Gimbels?”

Not anymore they don’t since there isn’t a Gimbels left to tell. And the way things are going for Macys these days, who’d want to listen anyway? Still, this quaint old admonition against “giving away the store” reminds me of how easily companies reveal things without having the slightest inkling they’re doing so.

Take the online career site The Ladders. For the last several years it’s been running a nice little business providing a place for firms to list their open positions that offer six-figure salaries. Nice enough that not only do companies pay to list these positions, but job-seekers cough up $30-a-month or more just to look them over. However, what the HR folks at these companies–and their Investor Relations people–may have overlooked is what else can be gleaned from this site. Continue reading ‘“Does Macys Tell Gimbels?”’

21/7

One of my most perspicacious readers, of which I have more than my fair share, was inspired by a recent post to offer up this seemingly obvious, but all-too-often overlooked perspective on mergers & acquisitions. (You can read his entire comment at “1+1=0″.) What Tom pointed out was that whenever a company of “real” value acquires one of “perceived” value, the results are frequently lamentable.

I thought this would be a good screen for evaluating the recent offer by Microsoft (a company of unquestionable “real” value) for Yahoo! (a company that may be a little long in the “perceived” department). To be fair, on the real side of the ledger, Yahoo has some holdings–like its stake in Alibaba–that could be easily converted into cash by MSFT. It also has a ton of e-mail and IM users, although hardly $44.6 billion worth. And it has a well-known name, some great engineering talent and positive cash flow. None of which would explain the 62% premium in Microsoft’s initial offer, though. Continue reading ‘21/7′

There Oughta Be A Law

By common practice, if not common law, firms in the legal profession have traditionally taken a pass on advertising their services. In fact, to this day I believe it’s unheard-of for any of the “white shoe” firms–the Simpson, Thacher, Milbank, Tweed crowd–to stoop to this vainglorious means of getting some ink. And why bother when the starting salaries they pay their associates are reported every year with such fanfare?

However, go one rung down in the league tables and all of a sudden there’s quite a proliferation of paid media proclamations from this field, generally ranging from the mediocre to the pathetic as you can see here.Piper

I don’t know about you, but based on this ad, I’d be reluctant to follow directions to the supermarket from these guys let alone on how to divert most of my annual earnings to some Caribbean island where the tax laws are as porous as the taxis. Continue reading ‘There Oughta Be A Law’

1+1=0

The story goes that Aylwin Lewis, the poor (in a manner of speaking since it appears he’s still going to collect his $1MM salary for a few more years) CEO of Sears Holdings, who just got thrown overboard (as opposed to Edward Lampert who’s simply been relegated to any spot on the boat besides the bridge), once made a minor error in arithmetic. He was attempting to describe the synergistic possibilities of the Sears-Kmart merger and said that “1+1=2″, when obviously what he meant in this instance was that 1+1 would equal 3.

What prompts this math lesson is an article I read in the Wall Street Journal last week that was headlined: “Google and Publicis Share Ad Know-How”, a pooling of acumen that struck me as being about as likely to add to that body of knowledge as a book with the title “How  To Make Love Like The Guy Who Does The Crop Report” would to that area of interest.

Delving further into the text to see what “know-how” these titans of the business might have to offer one another, I discovered that the two firms “have been working together on using technology to improve advertising.” Oh, really, improve in what way? I couldn’t help but wonder. Certainly they can’t mean “improve” as in make advertising that is more extraordinary in its content and approach.

First off, that’s not Google’s mission. Near as I can tell, Google’s mission is to Hoover up every ad dollar in existence and find something to do with them that will not qualify under some value system as “evil.” (Rumor has it the ghost of Mao is being channeled as we speak.) And given Publicis’ provenance, you’d have to assume its management knows that the most direct way to improve the quality of the work its agencies produce would be to hire more people skilled in that area and fully support their efforts to make it happen.

So they must be talking about using technology to do something else–target the ads more precisely or place them more intelligently, I’d have to guess. Which leads me to one of the numerous soapboxes I’m forever clambering upon. (In fact, it might just be easier if I numbered these things.) Soapbox #16: What difference does it make how well you target and place a piece of communications if the communication itself is so ordinary it’s barely worth paying attention to in the first place? Not much if you ask me.

Which reminds me of a joke I just read. Two bored dealers are standing at the craps table in a casino when a beautiful woman walks up and asks to put down a $20,000 bet on a single roll of the dice. The dealers take her money at which point she says, “I hope it’s okay, but I feel much luckier when I’m completely nude.” With that, she strips down, the dice are rolled and she starts jumping up and down shouting, “I won! I won!” Then she picks up her winnings and her clothes, hugs the two dealers and quickly departs. At which point one of the dealers turns to the other and asks, “What did she roll?” And he says, “I don’t know–I thought you were watching.”

Much as I hate to rain on Publicis and Google’s parade (I’m such a liar), the truth is while technology may be capable of accomplishing many things, crafting a message worthy of attention is not one of them.

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