Sir martin blogs davos
January 26, 2008
Interesting to see WPP’s Sir Martin Sorrell getting into the blogging game thanks to the UK’s Daily Telegraph.
He seems upset at the lack of American clients at Davos this year.
“Heavy snow and security. Travelling to Davos will be a nightmare for most. Larger number of broken ankles and hips than usual. But if you’re going to break something, a Davos hospital is as good as any. Looking at the prospective attendance list, many American CEOs seem to be absent, as it’s in the middle of their reporting season – and the middle of a financial crisis.
Regarding the breaking news of the Fed’s emergency rate cut, I must be helpful to sentiment, but increased liquidity is the key. Cutting rates won’t do the job.
Back to Davos, we’ve also got to deal with terrible weather, but it’ll clear tomorrow, just like the economy, I hope.”
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