RGA leaving the holding company model.
Thoughts?

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Nope. They made a deal w/ a private equity firm. PE’s don’t build. They gut everything and strip it to sell the parts.

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Agree. PE is layoff after layoff so the margins can grow, leaving teams so lean they can’t get the work done.

They’re leaving because they wanted a decent beer fridge.

likefunny

Out of the 🍳 into the 🔥

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This is the most accurate and succinct response to this post. Thank you.

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Good. The holding company didn't know what to do with R/GA beyond budget and staff cuts. The PE company gets a name brand and a client list to build something around. The clue is the $50m innovation fund. This suggests that they are planning to build a bigger business.

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Was this R/GA’s decision though? Sounded like IPG put them up for sale last year…

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They are now owned by PE which is ROUGH. I hope they make it.

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