The River

The personal professional blog of Pamela Parker -- musings on marketing, advertising, media and technology.

Yahoo! to MSFT: More $$, Please

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I love the tone of Yahoo!’s response to Microsoft’s latest letter regarding the acquisition effort, which declines to up the ante, financially. It’s rare you see such personality in a corporate statement. My favorite graf:

We regret to say that your letter mischaracterizes the nature of our discussions with you. We have had constructive conversations together regarding a variety of topics, including integration and regulatory issues. Your comment that we have refused to enter into negotiations to conclude an agreement are particularly curious given we have already rejected your initial proposal, nominally $31 per share at the time, for substantially undervaluing Yahoo! and your suggestions in your letter and the media that you are considering lowering the value of your proposal. Moreover, Steve, you personally attended two of these meetings and could have advanced discussions in any way you saw fit.

“Sweaty people who drink” who do “voodoo bullshit”

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I loved Kent Nichols’ (of Ask a Ninja) explanation of what we at FM — specifically our salespeople — do. Paraphrasing here, but the moderator asked how AAN has been successful courting brand advertisers. The secret, Kent said, is “sweaty people who drink” — aka hard work building real-life relationships with agencies and advertisers, sometimes with the lubricating influence of alcohol. It’s the non-engineerable aspect of advertising, he said, and it requires the sweat of people who do “voodoo bullshit” and “close deals.”

This panel has completely rocked — best of the SXSW interactive conference so far — and Kent Nichols is a great instigator. He totally gets it, and he expresses it in a laugh-out-loud hilarous way.