Posts Tagged ‘anthony noto’

Twitter’s CFO to marketers: I can do that!

May 7, 2015

Newsflash: finance and marketing do not always get along.  Some may even say the disciplines share a unique symbiotic rivalry; they support one another, yet constantly battle over how to define the value of marketing.

Twitter — itself a literal symbol of marketing in the digital era — found a novel way to end that discussion by allowing its CFO to take over the marketing discipline.  The move to appoint Anthony Noto came after months of failed attempts at finding the right CMO  for the company.  So, in a nutshell, it’s just marketing!  Give it to finance!  Even though (or perhaps because) we’re losing money!

…uh…oh…

Stranger things have worked, and maybe this will end up being more about “taking control of marketing spend.”  Or maybe the surprise ending is that Noto is the rare investment banker-turned-CFO who has keen marketing insight coursing through his veins.  But for the time being, this is playing out at the pinnacle of irony, as we see a flood of media coverage about how the floundering financial officer thinks he can do this marketing thing better.

It’s not going to get less weird anytime soon.  The Verge notes that “Noto’s first task may be figuring out how to market himself a little better at the office. [A] source told The Verge, “Twitter employees [are] asking why Noto gets $70 million, but the company can’t afford to give raises, or bring salaries closer to market rates.” Although engineers make around market rate, the source said, non-technical employees do not.”

This saga has everything the modern system is geared to despise – and everything that Twitter is famous for blasting out over the cyberwhatever.  Bloated executive pay, nosediving stock, executive hubris, belittled worker bees…

What’s missing (for starters)?  A good strategy.  A strong message. A vision. Really, anything that investors or advocates can get behind.

While that may come soon, it’s already too late to leverage the first wave of media exposure following the announcement.  I bet a sharp marketing guy could have handled that.  Ahem.

Finally, in honor of Noto’s presumably irrepressible spirit and ambition:


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