Saturday 17 March 2018

The Punt: PR's McSharry on the move

The cake which was tweeted by ‘Variety’ reporter Cynthia Littleton, shows Mr Malone, dressed as a cowboy, and sitting on a bucking bronco
The cake which was tweeted by ‘Variety’ reporter Cynthia Littleton, shows Mr Malone, dressed as a cowboy, and sitting on a bucking bronco Newsdesk Newsdesk

With the Celtic Phoenix stalking the land, the reputation management industry is starting to see a bit of movement.

One PR principal complained to The Punt recently that every senior consultant in their firm had been approached by rivals over the past year or so, as the volume of business had picked up.

Like the rest of the economy, the public relations sector was hammered during the crash.

Companies that had used PR agencies for years were suddenly cutting back on budgets or ending their contracts altogether and bringing the PR side in-house.

Other firms switched to using outside help only for ad hoc events or crisis management. Now, though, it seems companies have a bit more flexibility to take on more talent and start paying for good PR again.

It's no surprise then to see people on the move in the sector, including Paul McSharry, who has pitched up at the Reputations Agency as Corporate Director in the firm's corporate PR and reputation management practices.

A 25-year industry veteran, he was previously managing director at FTI Consulting - the old Financial Dynamics, in Dublin. Before that, he worked at blue-chip firms Fleishman Hillard and Murray Consultants. In his new role, McSharry will be responsible for developing the firm's corporate communications offering.

Malone shows his funny side

He is the biggest private land owner in the United States, a buyer of hotels and TV stations here.

And by the look of things, he seems to have a pretty good sense of humour as well.

John Malone has been portrayed around the world as one of the shrewdest operators in the media business globally.

Mr Malone spoke at a UJA Federation of New York event last week, where he received an award for his humanitarian work.

Sitting outside the room was one of the most ornate cakes you are likely to see.

The cake, which was tweeted by 'Variety' reporter Cynthia Littleton, shows Mr Malone, dressed as a cowboy, and sitting on a bucking bronco. There is a back story to this, though. In March, 'Variety' ran a cover story showing a cartoon of Mr Malone struggling to stay on the bucking horse, with the headline 'Hold on there, Cowboy'. The story reported on deals Mr Malone's Liberty Global company was involved in. It would seem Mr Malone enjoyed the story.

Goldman boss finally sells up

The world's smallest violins are being played around the world, The Punt reckons, after Goldman Sachs chief executive Lloyd Blankfein took a $4m hit on the sale of his house in the Hamptons outside New York.

According to the 'Wall Street Journal', Mr Blankfein's home on Parsonage Lodge in Sagaponack has gone into contract nearly a decade after he first put the property up for sale.

The seven-bedroom home went up for sale with a $14m pricetag in 2007. By last summer, the sale price had soared to $16.99m.

However, that price seems to have stirred little interest.

The block had its price cut to $15.9m, then $14.9m, and it has finally gone sale agreed at $12.9m.

It's a tough experience for anyone to be unable to sell their home, especially when the home in question features a gym, media room, 45-foot long pool, pool house, and sunken tennis court.

The Punt won't feel too bad for Mr Blankfein though.

The long-time CEO made a reported $23m last year, and according to Bloomberg News, he is worth about $944m.

All in all, we think Mr Blankfein has endured the hardship of selling his house just

fine in the grand scheme of things.

Irish Independent

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