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Freakonomics Radio

198. The Maddest Men of All

Freakonomics Radio

Freakonomics Radio + Stitcher

Documentary, Society & Culture

4.632K Ratings

🗓️ 26 February 2015

⏱️ 33 minutes

🧾️ Download transcript

Summary

Advertisers have always been adept at manipulating our emotions. Now they're using behavioral economics to get even better.

Transcript

Click on a timestamp to play from that location

0:00.0

I'm Rory Sutherland, I'm the Vice Chairman of Oglevin Mesa in the UK.

0:10.0

Now, that is a pretty impressive title, but we should say you hardly had a typical climb

0:17.1

up the corporate ladder did you, you've been described as the worst trainee, quote,

0:22.2

Oglevin Mesa ever had.

0:24.0

Yes, I was actually so bad that I was booked onto a time management course and I got the

0:29.0

date one.

0:30.0

So I turned up at this empty building expecting a time management course only to find it was

0:35.9

the following week.

0:41.9

Oglevin Mesa is a gigantic global marketing and advertising firm, part of the even more

0:46.3

gigantic WPP.

0:48.3

O&M was founded in 1948 by David Oglevin, a legend on Madison Avenue.

0:54.0

Born in England as a child, he lived in a house where Lewis Carroll used to live.

0:58.1

The headmaster at his boarding school wrote that Oglevin had, quote, a distinctly original

1:02.6

mind inclined to argue with his teachers and to try to convince them that he is right

1:07.0

and the books are wrong.

1:09.1

David Oglevin's peers went on to become doctors, lawyers, politicians.

1:13.4

He became, as he would later write, a chef in Paris, a door-to-door salesman, a social

1:18.7

worker in the Edinburgh slums, an associate of Dr. Gallup in research for the motion picture

1:23.2

industry, and a farmer in Pennsylvania.

1:26.5

Ultimately, he took up advertising.

1:29.0

Oglevin's firm was responsible for a number of commercials, with which you are likely familiar.

1:35.1

Do you know me?

...

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