Thursday, October 8, 2009
Decades ago my father was the Chairman of the Board of a top-twenty agency in New York, an agency that leased something like four floors in what was then the just-opened Pan Am building. (It's now the Met Life building)
The agency leased four floors but only needed three and so, sub-let one of their floors to another business. Now, here's the sad part, I remember my father saying to me, "Shithead," (that was one of his terms of endearment) "we made more money in real estate last year than we made in advertising."
And this was in the early 70s, back when "the business was good."
Posted by George Tannenbaum at 6:50 AM