FRB head denies any staffing woes

LOS ANGELES: Responding to allegations that Hill & Knowlton’s Los Angeles office had stolen away five of its prized employees (PRWeek, Sept. 13), Financial Relations Board prexy Ted Pincus said the firm has had no problem replacing the executives.

LOS ANGELES: Responding to allegations that Hill & Knowlton’s Los Angeles office had stolen away five of its prized employees (PRWeek, Sept. 13), Financial Relations Board prexy Ted Pincus said the firm has had no problem replacing the executives.

LOS ANGELES: Responding to allegations that Hill & Knowlton’s Los

Angeles office had stolen away five of its prized employees (PRWeek,

Sept. 13), Financial Relations Board prexy Ted Pincus said the firm has

had no problem replacing the executives.



’Every one of the positions pirated away from us has been filled, and

filled quite promptly,’ Pincus said. He declined, however, to name the

replacements ’because that would make us more of a sitting duck than

ever.’



Instead, Pincus described their qualifications. He said two new

associates had come from investment giants Donaldson Lufkin Jenrette and

Merrill Lynch, while a third had been a consultant to the Environmental

Protection Agency with experience in corporate finance. Another had been

with Paine Webber, and the fifth was previously a professor of finance

at the University of Phoenix.



Asked whether he thought FRB’s recent merger with BSMG might have made

the employees who left fear for their future at the agency, Pincus

responded, ’Nothing could be further from the truth. Our agency remains

a stand-alone unit, with our office and our own people.’



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