24 October 2006

Wadds of cash...

If you see Stephen Waddington - MD of Rainier PR in the UK - at the PR Week Awards tonight, get him to buy you a drink - PR Week reports that the company's been snapped up by Loewy for £5m, so he's rolling in it.

Or maybe not. I remember that when Stephen Schuster, Rainier PR founder, was in the UK in the late 90s looking for the team to set up the agency's UK sub he refused to consider giving away any equity in the venture. I'm sure Wadds put him straight there though. Nothing on his blog yet - he's probably down the pub.
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1 comment:

Anonymous said...

>"I remember that when Stephen Schuster, Rainier PR founder, was in the UK in the late 90s looking for the team to set up the agency's UK sub he refused to consider giving away any equity in the venture. I'm sure Wadds put him straight there though."<

I wouldn't bet on it. Not that Mr Waddington wouldn't have tried, I'm sure. I don't know any of the details, but I would guess there is probably very little actual 'cash' in the deal...

12:51 pm

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