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This is a big week for people who love cost synergies—IPG and Omnicom have gotten a step closer to conglomerating with yesterday’s thumbs-up from shareholders.
Every time I see an update to this story, I scan for mentions of anything creative hidden away in all the exciting new capabilities that InterpubliCom will offer. It’s not in their statements; it’s barely mentioned on investor calls. Unless I missed a memo since I left an IPG agency, isn’t that what we do? Use creativity to solve problems for brands?
So if I’m an employee, or a client, what is there to be excited about with a merger like this? Efficiencies? Data? AI? Shareholder value? I remember the first time I knew I wanted to increase shareholder value for a living.