Pincus urges calm during Wall St. 'bloodbath'

Article Abstract:

Financial Relations Board/BSMG Chmn Ted Pincus has called for a boost in morale by sending a memo to the CEO's of the company's IR clients. Pincus' move came amid the major sell-off in Wall Street stocks. Citing his company's experience in such matters over four decades, he gave recommendations on how to deal with the situation. His lessons include keeping emotions at bay, remembering the reasons for going public, exploiting new technologies and remembering not to fight the overall macro trends governing the majority's share value.

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RF handles PR crisis for Operation Smile

Article Abstract:

Ruder Finn Inc assisted the physician volunteer group Operation Smile (OS) address a two-part, front page expose by the New York Times publication in Nov 1999. The story has accused OS of conducting assembly-line surgeries and, in the process, endangering the safety of their charity patients in China and Bolivia. Ruder Finn has provided media relations and strategic counseling services for the OS for years. It noted that OS is working towards implementing more stringent guidelines for its volunteers.

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Omnicom sees no need for own PR

Article Abstract:

Omnicom Group Inc, a conglomerate controlling over $500 million in PR fees, does not need PR for itself. Speaking before the annual meeting on May 17, 1999, company CEO John Wren said its units maintain their own PR people, with DDB Worldwide executive Pat Sloan doing PR for the company. In addition to new business, Omnicom credits acquisitions such as that of Europe-based GGT Group for spearheading the firm's growth in 1998.

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