Ace AdScamer “V” has sent us a nifty article titled… “Confessions of a former agency CEO: Too much mediocrity in leadership.” Lots of good stuff from someone who was CEO of various BDA’s wrapped in the slimy tentacles of BDHC’s. This is his take on holding companies… Increasingly they sit with multiple businesses within portfolios, and when they have an issue with managing cost and driving margin going forward. They won’t invest or make the changes needed because it’s too expensive. So they want people to go in and take accountability for an unsolvable, unchangeable situation. All the power, independence and control have been centralized. Oh yes indeed. There’s a lot more. Check it out.
The system works for me!