Thought Bubble
May 30th was a scorcher in New York City: 90 degrees and humid. But that didn’t stop 18 CooperKatz team members from running or walking their way to the finish line of the American Heart Association’s 2013 Wall Street Run & Heart Walk.
The CooperKatz team raised nearly $1000 for the event, which was a three mile run / walk that wove through the Financial District near Wall Street and ended in Battery Park City.
July 17 of 2012 was not a particularly cool day for most Americans, given the heat still scorching many parts of the U.S. But it was certainly “cool” for Carrier, as it celebrated the 110th anniversary of its founder Willis H. Carrier’s invention of the air conditioner.
When I was invited to attend the Council of PR Firm’s annual Critical Issues Forum this past month for a program centered on “Social Revolution,” I’ll admit I was excited and, more importantly, intrigued.
As a recent college graduate – I’ve been working for a year and a half here at CooperKatz – social media has been omnipresent both in my education and my post-college work life. I was interested to hear what the various industry speakers and panelists would have to say about something I’ve considered a permanent fixture on my personal landscape for almost six years.
The decision by ratings agency Standard & Poor’s (S&P) to downgrade the United States’ sovereign debt from AAA to AA+ elicited an avalanche of commentary from the industry, the media, the government and the public.
The main dialogue focused on whether or not S&P made an appropriate decision (not to mention the issue of that $2 trillion calculation error). But the controversial move also reignited ongoing debates over the state of the credits rating industry – specifically the role and position of the “big three” (S&P, Moody’s and Fitch) – in the wake of the financial crisis where the ratings agencies gave AAA status to mortgage-backed assets that quickly turned toxic.
This offered up a powerful opportunity for a new market entrant to voice its perspective on the significant and systemic problems with the credit ratings “status quo,” and the changes needed to re-establish credibility.
Last week, a team of 10 CooperKatz employees had the pleasure of assisting Figure Skating in Harlem (FSH) host its annual fundraising event, Skating with the Stars 2011.
For the second year in a row, the CK team worked on a pro bono basis with FSH to help members of the press, event attendees and VIP guests enjoy the event at the Trump Wollman Rink in Central Park.