Video Age International December 2016

26 December 2016 My 2¢ W hen TV executives retire, they have two options: quietly disappearing from the industry or continuing to stay active by attending conferences and TV trade shows. They can either become insignificant or stay relevant. I call this latter option the “Norman Horowitz Syndrome.” Upon retirement, many entertainment executives who held top positions find it debasing to stay on the scene without the prestige of a company behind them, so in a sort of shame, they distance themselves fromactive participation in any role. Talking with these former executives, the example they inevitably bring up is that of the late Norman Horowitz, a former top executive at CBS, Columbia and MGM, among others. In retirement, when his health allowed, Norman insisted on staying relevant. How? By attending TV trade shows, by writing for various publications, by staying in contact with industry people in person and via e-mail, and attending trade organization meetings. To some executives who held top spots, seeing Norman often walking alone along the Croisette in Cannes left a bad impression. Later, upon retiring themselves, they told me that when they were active and Norman was seen from afar, they would cross to the other side of the street in order not to bump into him, then each concluded: “I don’t want to be thought by others that way!” So, these retirees with their still vibrant energy, their intellect still sharp, with their vast knowledge, their many contacts and ... time on their side, in order to avoid the “Norman Horowitz Syndrome,” they play tennis or golf in desolate fields, away from what they liked to talk about the most: working in the entertainment business. Then there is the matter of the ego trip. Well, more than a “trip,” it is travel in general. Since they used to travel business or first class only, retirees are often embarrassed or just plain uncomfortable to be flying “civilian” (i.e., coach). Usually, top-level TV executives don’t retire on their own account, unless incapacitated. After all, the entertainment business is not like working for the post office, where retirement is mandatory at a certain age. To think of it, people seek employment with the post officewith retirement in mind from the start. In our business, retirement is often a consequence of management changes, when upper echelons want to bring in their own trusted people and contract clauses allow executives to bail out if they’re climbed over. There are also cases of new owners, who think that they have innovative approaches and bring in new, often inexperienced people who “think outside the box.” In these situations, like in the case of Edgar Bronfman Jr. buying MCA from Matsushita in 1995, the experiment lasted only five years before selling what was renamed Universal to Vivendi. Naturally, “active” retirees have to be conscious of the fact that executives attending markets (both buyers and sellers) are very busy and need to focus on the business at hand, like they did during their tenure. Indeed, the fear of those who cross the street in order not to bump into retirees is that they will take up some of their valuable time. Here, however, the interplay gets complicated: on one hand, the residing executives feel guilty for not having the time to give the old guard (who often were their mentors) their deserved respect. On the other hand, if the retirees feel ignored, they become resentful, especially toward the people they hired or promoted. A win-win situation for this quagmire is for trade show organizers to utilize old-timers’ knowledge and experience to liven up conferences, which lately tend to be of the “everything is fine, we are great, thank you” types. This solution could also be an incentive for young executives entering the entertainment business to attend conferences in order to learn test cases that, inevitably, if in other forms, tend to re-appear. Because after all, there is no need to re-invent the wheel. Dom Serafini In retirement, whenhis health allowed it,Norman insistedon staying relevant. How?Byattending TV trade shows andby writing for various publications. Norman Horowitz Syndrome: A social and business condition that is beneficial to all concerned, but its value is not yet fully appreciated. “No madam, what she distinctly said was I was important not impotent!”