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How
Big?
The 1980s were
a record decade of growth and spending in the advertising industry
and Chiat/Day was no exception. In 1981, Chiat personally oversaw
the opening of the Chiat/Day office in New York City. The move was
a logical one for Chiat, who wanted to grow the agency on a national
scale as well as retain two clients who were demanding service on
the East Coast. (Dougherty, 1981, p. D15.) By the end of the decade,
Chiat/Day had acquired or opened offices in Australia, New Zealand,
Toronto, San Francisco and London. Having achieved his dream of
turning Chiat/Day into an international operation, Chiat promoted
longtime employee Bob Wolf to the position of CEO and took a long-deserved
six-month sabbatical from his duties. The move was seen as Chiat
turning over the reins to the next generation of leaders. Lee Clow
retained his title of Worldwide Creative Director and Chiat, for
the meantime, faded into the background.

Unfortunately, the early
1990s were not a time to be experimenting with business on
an international scale. The country was in the midst of a recession
and businesses were continually shaving back their advertising budgets.
Chiat/Day itself was millions of dollars in debt to banks as a result
of Chiats attempts to build an international network of agencies.
Jay Chiat had always prided his ability to keep Chiat/Day independent
despite the flurry of agency takeovers and buyouts during the late
eighties and early nineties. He believed in being the acquirer,
not the acquired. However, mounting debt and pressure from management
forced Jay Chiat to sell Chiat/Day to the global advertising giant
Omnicom in 1995. The agency was joined with TBWA, known for their
work with Absolut Vodka, and renamed TBWA/Chiat/Day. The agency
could no longer be a group of pirates. They had to join the Navy.
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