Topic : Advertising

Quote

A Share In America

In the 1950s, marketing whiz Stanley Arnold was working at Young & Rubicam, where he was asked to come up with a marketing campaign for Remington Rand. The company was among the most conservative in America. Its chairman at the time was retired General Douglas MacArthur. Intimidated at first by a company that was so much a part of America, Arnold also found in that phrase the first inspiration for a campaign.

After thinking about it, he went to the New York offices of Merrill Lynch, Pierce, Fenner and Beane, and placed the ultimate odd-lot order: "I want to purchase,? he told the broker, "one share of every single stock listed on the New York Stock Exchange.? After a vice president tried to talk him out of it, the order was finally placed. It came to more than $42,000 for one share in each of the 1098 companies listed on the Big Board at the time. Arnold now took his diversified portfolio into a meeting of Remington Rand's board of directors, where he argued passionately for a sweepstakes campaign with the top prize called A Share in America.

The conservative old gentlemen shifted around in their seats and discussed the idea for a while. "But Mr. Arnold,? said one, "we are not in the securities business.? Said another, "We are in the shaver business.?

"I agree that you are not in the securities business,? said Arnold, "but I think you also ought to realize that you are not in the shaver business either. You are in the people business.?

The company bought the idea.

Peter Hay, The Book of Business Anecdotes, in Bits and Pieces, Oct., 1990

Newspaper Ad

The following advertisements reportedly appeared in a daily newspaper:

Monday: 'the Rev. A.J. Jones has one color TV set for sale. Telephone 626-1313 after 7 p.m. and ask for Mrs. Donnelley who lives with him, cheap.'

Tuesday: "We regret any embarrassment caused to Rev. Jones by a typographical error in yesterday's paper. The ad should have read: 'the Rev. A.J. Jones has one color TV set for sale, cheap...Telephone 626-1313 and ask for Mrs. Donnelley, who lives with him after 7 p.m."'

Wednesday: 'the Rev. A.J. Jones informs us that he has received several annoying telephone calls because of an incorrect ad in yesterday's paper. It should have read: 'the Rev. A.J. Jones has one color TV set for sale, cheap. Telephone 626-1313, after 7 p.m. and ask for Mrs. Donnelley who loves with him."'

Thursday: "Please take notice that I, the Rev. A.J. Jones, have no color TV set for sale; I have smashed it. Don't call 626-1313 anymore. I have not been carrying on with Mrs. Donnelley. She was, until yesterday, my housekeeper."'

Friday: "Wanted: a housekeeper. Usual housekeeping duties. Good pay. Love in, Rev. A.J. Jones. Telephone 626-1313."'

Mistakes are inevitable in the publishing business.

First United Methodist Church, Meadville, PA, Content, The Newsletter, August, 1990, p. 3



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