Overspending Is So Last Season
Conspicuous consumption is officially dead – or, at least, it’s so…last season. For the first time in memory, the Neiman Marcus holiday catalog has discounted its fantasy gift items. This year’s flurry of stories don’t focus on the fantasy, but the downsizing. The priciest item in the 2009 catalog is a mere $250,000 – far below the […]
Read MoreThe Merrill Lynch Bull Charges Back, More Softly This Time
One of many painful sidebars to last year’s Wall Street bloodbath was the swift death of seemingly invincible brands, including former financial powerhouses Lehmann, Bear Stearns, and Merrill Lynch. The human toll was so vast that no one gave much of a thought to the vanquished logos. But, as symbolism, their disappearance rubbed salt into […]
Read MoreExpense-A-Steak: Brilliant PR, Or Blatant Fraud?
We in public relations sometimes start our creative sessions with the mantra, “Let’s think up some ideas that could get us fired.” Part of what clients pay us for, after all, is to push the limits of what’s conventional. But, some concepts come really close to crossing the line. That’s why I laughed at the recent […]
Read MoreWhy Twitter Could Be Worth A Billion Dollars
The number sounds like pure froth. After all, you don’t have to go back as far as the dot-com era to come up with laughable valuations of Web-based companies (Skype, anyone?) And this is one that has yet to turn a profit, or even articulate a plan to do so, at least publicly. Like others, I’ve gone […]
Read MoreTop Social Media Sins
I’ve been seriously under the weather after attending a meeting in Mexico City last week. (No, it’s not H1N1, though I did hear an excellent talk by the top docs in charge of public communication around the epidemic.) To make it easy on limited mental energy, I’m using a part of today’s MediaPost‘s Social Media Insider. It’s a […]
Read More