Just a brief post to keep the blog fresh – I’m off to the former Yugoslav Republic for a spot of light media training, so – oh faithful blog snorkellers – you’ll have to do without your daily fix for a while. But, and well, here’s a thing.
It’s PR Week! The industry bible (cover price £9,674.32, at a quality newsagent near you).
No, I’m not having a pop. Not this week, anyway. Nope, I want to say – hoorah! Well done! Valuable stuff, delivered in an interesting fashion, the sort of content that I would recommend any young practitioner hoover up and keep on file for future reference. I am, of course, talking about their bit on ‘Five Steps to Better Crisis Management’. Have a click, enjoy.
Mind, I was properly pissed orf by the news article on page 2. ‘Payment by results criticised’. By the PRCA. You get the feeling that the industry bodies don’t want us to drag ourselves out of the dark ages. Payment by results is the way forward. As long as you’ve agreed what success and failure looks like and how over-achievemnt will be rewarded. It already happens in the heady world of M&A financial PR – no result, no payment – but the Tulchans and Finsburys and Brunswicks of this world make bloody sure that no matter what happens, a success is seen to have been achieved – triggering the success fees.
In the case of Cadbury-Kraft, that was a share of £240m. That’s what I call payment by results.