The Williams Formula One team will have a public stock floatation later this year (not registered under the U.S. Securities Act and so not generally available to be offered or sold here). I scanned through the lengthy prospectus (didn't have time for an in-depth reading) and, under the category of "risk" associated with this offering, this jumped out at me:
"With the Bribery Act 2010 expected to come into force in the United Kingdom in 2011, sponsors may decide to restrict or curtail altogether the level of hospitality at Grands Prix that they offer to third parties. This in turn may reduce some of the benefits of sponsoring a Formula One Team and may lead to existing sponsors not renewing their existing sponsor partnership contracts at the end of their term, and may make it more difficult for Williams to attract new sponsors in the future."
Good luck to Brett Jewkes, who will become NASCAR's first Chief Communications Officer on April 13. He's well qualified. Here's one of those little details I can't help but remember: While at Taylor, it was Jewkes who, along with the agency's Brand Counsel Group, who did a comprehensive strategic review for NASCAR of its and industry communications practices early last year. Kind of reminds me of how Dick Cheney came to be chosen by George W. Bush as his vice president -- Cheney led Bush's VP candidate search.
Here's a link to my February "Drags, Dollars & Sense" column in CompetitionPlus.com. It's part two of my series on activation:
I'm honored to have called Tom Carnegie a friend. The Indianapolis Motor Speedway's legendary chief PA announcer died Friday at age 91. Tom's distinctive voice was heard at 61 Indy 500s, from 1946-2006. (I hope IMS management will be wise enough to include some of Tom's classic calls as part of this May's 100th anniversary race.) Among the fascinating facts about Tom's career produced by historian Donald Davidson: The single-lap track record when Tom debuted in '46 was Ralph Hepburn’s 134.449 mph. Fifty years later, Arie Luyendyk recorded a 237.498 mph lap. Tom announced both. In my many dealings with Tom over many years, the one thing that stands out to me the most: Anytime Tom said he'd like to talk to a driver, I never heard one of them say "no" or ask if it could be done later. Any and every driver I know of would immediately come to Tom and his microphone. Many considered it an honor and, for all, it was a sign of respect. God Bless, Tom, and thank you.
[ more next Monday . . . ]