The Year in Review: You Better Watch Out

David Ogilvy said that taking his company public in 1966 was the biggest mistake he ever made. The founder of Ogilvy & Mather argued that outside board members, with their responsibility to look out for the financial interests of shareholders, limited the strategic vision of agency CEOs in a young, quickly evolving business.

Of course, virtually every major marketing services holding company in the world ultimately repeated Ogilvy’s “mistake.”

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