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Every once in a while, a rumour emerges that seems so utterly impossibly surprising that it must absolutely be true. So: Trevor Beattie quitting TBWA\London to launch a start-up with Andrew McGuinness? You couldn't make that one up, right?
Even so, when rumour became fact this week, it had all the shock value of a Conservative landslide. And in the best traditions of 'bugger-me' Campaign front pages, this one has turned out to be truer and more stunning than the industry's most accomplished rumour-mongers could conjure. A Beattie/McGuinness start-up along with Bil Bungay, Beattie's most loyal creative partner, is one of those stories guaranteed to get an editor slavering.
It's not just that three key executives have quit one of London's biggest agencies. It's these three particular people. Oh, all right then ... it's one particular person: Beattie has become the country's best-known advertising man and has done more than anyone in recent years to put the job of advertising creativity on the popular map.
The trio represents one of the most talented breakaways the business has seen, but it's also the timing of their departure that raises the interest stakes. Beattie has been wedded to TBWA, to its people and its clients for so long that he seemed more than the agency chairman, more part of its DNA (and vice versa). McGuinness, meanwhile, has spent the past few years developing a new model for TBWA, including content creation divisions and integrated media strategy, but there's still work to be done. Bungay, particularly now that Paul Silburn has left for Fallon, was one of the keys to the agency's creative reputation.
So this is not a natural break-point for any of them. On the other hand, TBWA's 2004 was not a vintage one for the agency, despite winning the Grand Prix at Cannes. The agency's billings fell by 37 per cent after the loss of clients such as 3 and Thomas Cook. So are the three bailing out while the agency is in tailspin?
The critics ...