Thursday, October 22, 2009

The DMA Meeting Love Fest

The DMA business meeting was held on Sunday in San Diego.

They moved the meeting to a much larger room because everybody wanted to attend to see what a proxy vote shoot-out between Gerry Pike and the Board looks like.

I don't know how many proxy votes Gerry picked up with his campaign, but it must have been a lot. When I got there the word was that Gerry and the board had gone late into the night to come to a settlement.

By the time we showed up, it was a love fest. With the board announcing that Gerry had been reinstated for a second term and Gerry telling us what a great bunch of people were on the board. In addition to Gerry being back on the board, he gets to nominate three more board members.

I'll add to the love fest by saying that there are a lot of smart cookies on the DMA board and I hope they figure it out. If not, I think a lot of members will vote with their feet in 2010.

I went to the Electronic Retail Association (ERA) party Monday night and had a good time. It reminded me of the dot.com explosion back in the late 90's. Lots of good contacts, lots of booze. Lots of people wearing all black. Back in those days you could walk into a party and by the time you got to the bar, you had been offered at least $20 million by three different venture capital groups.

No matter how dumb your idea was.

Jon




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