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May 18, 2011

SORRELL ON BURSON-FACEBOOK, ECONOMY

 

By Greg Hazley

WPP CEO Martin Sorrell appeared on Neil Cavuto's Fox Business Channel program May 13, discussing the Burson-Marsteller/Facebook episode, as well as the overall economy, tech valuations and the effect of the Arab Spring on business.

CAVUTO: Are you surprised it got almost this Nixonian treatment of secrets and all this? As you said, it really concerned publicly available information.

SORRELL: -- not Nixonian treatment. I think it was dealt with effectively and quickly and --

CAVUTO: I'm talking on Facebook's part, that they just reinforce this intrigue about competitors in a business and how they deal with each other?

SORRELL: I think you have a lot of things going on in the technology area of high-risk and high reward. And I was looking at some of the blogs in relation to the story and in relation to some of the things that Fox and others have written and said. And there are some interesting comments made about the nature of the competitive combat that is going on in the technology area at the moment. But that doesn't excuse -- excuse the conduct.

Transcript is here.


 
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