Guess who gets left holding the bag?

Joe Mandese, in his regular column from Madison Avenue, comments on the recent U.S. Association of National Advertisers' conference in New York which discussed the perennially contentious issue of agency compensation.

Guess who gets left holding the bag?

Joe Mandese

Why is it that the most sophisticated marketers in the world do not seem to understand the fundamental value exchange between customers and the people who sell them stuff: you get what you pay for. That is certainly true in the world of consumer marketing, and I imagine it must also be true in the field of business-to-business marketing – even if the business happens to be, well, marketing.

That was not all that evident when some of the world's biggest advertisers and their agencies met in New York last month...

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