Posts Tagged ‘Advertising

11
Feb
08

A Different Perspective On Steve Stoute/Jay-Z Ad Agency

stoute-steve.jpg

I came across comments made by my colleague and friend Hadji Williams in his blog where he says about the Stoute/Jay-Z Interpublic deal

And to think Interpublic won’t hire black people who are trained ad professionals, but they’ll hire Jay-Z and Steve Stoute–a former record label exec–as ad men?

Screw going to portfolio school, getting an MBA and learning the ad biz inside out. Aspiring Black ad professionals should just work on making hit records…. that’s clearly the best way to get hired in the ad biz.

Though I am one who has had issues with the love affair brands and largely disconnected and clueless executives have had with Stoute, I have real issues with Hadji’s comments. For me, my issues revolved around the countless times I went into a meeting and faced what I would call the “Stoute Halo.” It would usually take place in a pitch meeting with a brand where they would look at my background and celebrity relationships and ask, “Can you get X-Celebrity and/or Jay-Z on the phone or involved in our program?” Here I was a small business owner trying to prove my worth as a legimate brand strategist and once again I was dumbed down to the black guy who was being looked at to “wrangle a celebrity.”

Hadji’s comments would lead one to believe that ad execs with MBA’s automatically equal “talented” or “smart.” Unfortunately I have been sorely disappointed in many business settings with the lack of depth and creativity that “so-called” Wharton or Harvard MBA marketing “geniuses” possessed. Similar to the record business the advertising agency is crying out for new blood and innovation. Why not Steve Stoute or Shawn Carter? At the end of the day, Interpublic made the right move because this is a “business man” and the Stoute/Jay-Z duo, call it what you want, equates to biz dev doors opening and yes white, black, green, puerto rican and hatian CMO’s dying to meet with them. And as far as Black ad execs inside agencies or worse those that are at black agencies; generally I have come across a giant hole in the areas of creativity, innovation, and strategy.

As a former record executive andd now interactive agency Vice President I go toe-to-toe with “well-degreed” and “pedigreed” execs on both the client and agency side. My experience at a record label gave me P&L responsibility, International exposure, and even new media innovation opportunities that all of my clients and co-workers appreciate. The skills those of us formerly in the record business acquired “breaking artists” come in handy across so many different business segments. Whether it is packaged goods, financial services or even travel/tourism I have never felt better about my ability to craft a solid plan that is innovative, on budget, and on strategy.

Young people. There is no record business to go to so that is not your entry point but I caution you on emulating your career around a dead model known as traditional advertising. Go to a place that screams innovation, bleeds creativity and inspires you to pour your gifts into it on a daily basis. Those qualities used to exist in this “ol thing” called the record business. Go get a great gig and make sure you buy Hadji’s Book

09
Feb
08

Steve Stoute Forms New Ad Agency w/ Jay-Z

 

It’s safe to assume the annual December “powerbroker” trip to St. Barths this year involved some time plotting career moves for Shawn Carter and Steve Stoute. (this picture looks like a shot from the airport) Stoute was riding high from a recent sale of his agency, Translation Marketing to interpublic for a conservative $10 Million. Jay-Z was getting ready to announce his exit from post at Def Jam, a gig that had lost its allure due to a record business that is in the toilet. For those speculating for the last few days in the blogosphere, the rumor has become reality. Today’s NYT reports that Jay-Z’s next move will be to create Translation Advertising with partner Steve Stoute and formalize something that has been happening anyway over the last few years. For those close to Translation it was not uncommon for Stoute to spend hours on the phone with Carter coming up with ideas and programs for brands. Now the two have a company umbrella to call home and I’m sure Interpublic will be bending over backwards to make the venture a success. Money seems to chase both Stoute and Carter and this will be a successful venture we are sure. No talk of a digital arm, nor interactive advertising component yet, but even in a multicultural advertising market, the addition of Jay-Z already makes them a powerful player.




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