Provided by a friend, the AIG vice chairman Jacob Frenkel appears to have said the following, which is a pretty accurate statement of the situation, unfortunately not confined to AIG:
"The left side of the balance sheet has nothing right and the right side of the balance sheet has nothing left"
An excellent slideshow providing an overview of the radical transformation of the media, marketing & communication landscape. These are the trends on which many start-ups have been able to thrive in Europe over the recent years. Now of course, as the game is becoming much more serious and the economic context gets tougher I expect there will be quite a few casualties...
