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With its executive creative director staying, Lace must now bring in new business and raise staff morale, John Tylee reports.
Hours after Campaign revealed details of his pounds 1 million-plus 'golden handcuffs' deal securing him to Lowe London for three years, Ed Morris was in little doubt who would be picking up that day's lunch tab at The Ivy.
The agency's executive creative director has been the subject of the most intense 'will he, won't he' speculation since Sir Frank Lowe's start-up announced his impending arrival to take creative command.
Last week, Morris gave his decision. He won't. The relief is palpable, not only for Garry Lace, Lowe London's chief executive, but also at the New York headquarters of the agency's Interpublic parent.
It has been a bewildering period for Morris. Little more than a year ago, he was barely known outside Lowe's creative department. Last month, fearful Sir Frank's capture of Morris would be the precursor of a full-scale raid on Lowe staff, IPG announced it was going to law.
On the face of it, IPG's decision to keep Morris at any cost looks more symbolic than rational. Yet there are important reasons why the group should want to retain him - and why it was prepared to dig deep into its pockets to do so.
It was not just his key role in sustaining the quality of Lowe's creative output in tumultuous times.