In 2021 the giant investment firm Standard Life Aberdeen decided to be more cool, cutting-edge and dynamic. Naturally, they did not bother to upgrade their systems, develop smarter market-trading algorithms or make a stand against short-termism in UK financial decision making. No, they changed their name. Out went the old-fashioned, though highly respected, name of Standard Life. Joining it in the bin were all the vowels from Aberdeen. Even the hopelessly outmoded capital letter had to go. An entity to be known as "abrdn" was born.
This column subjected the directors of abrdn to a blast of derision and contumely, not least because I happened to be a long-standing investor in this firm and was not consulted. That should have resulted in the instant sacking of their branding consultants and an emotional reconciliation with all those discarded letters. Sadly, it did not. I had to assume that that was the end of the matter.
I was wrong. For others also found the change of name risible. It seems that abrdn has become a figure of fun in the financial world and that though the change was three years ago, sniggers follow the abrdn managers as they queue up at coffee bars, guffaws are stifled as their thrusting young executives limber up in front of PowerPoint presentations and even in the hallowed clubs of Pall Mall, newspapers are hastily raised to mask the contorted features of rival chairmen as they chortle at the entrance of one of the vowel-less ones. And now, the jibes and the jollity have taken their toll. Like a football manager savaging his critics after yet another dreary and well-deserved 2-1 home defeat, the man from abrdn he say "No more".
source: The Guardian |
Childish jokes? Me?? I made some rather adult (in the sense of being grown-up and sophisticated, not the other sort) comments, righly pointing out that it was ludicrous for the company to shorten its name to something unpronouncable while its chief executive continued to sport every one of the letters that he had had when he started out as a tousle-haired lift-boy thirty years earlier.
Corporate bullying? There's 5,000 people working for abrdn. All I have behind me is the occasionally useful comments of my editor, plus my trusty waste-paper basket. Did David bully Goliath? If these people, with their directors of marketing, their brand managers, their consultants and PR people, their lawyers and tax advisors, their tea ladies and postboys cannot take the legitimate comments of those of us who do actually care about words and the English language, then there is only one way to sort this out. In the car park, right now! I'll trounce the lot of them or my brand is not Rmblngs of Rslp.
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