THE CRISIS CHRONICLES
Hard Facts: 3 Stats on Reputation
There are three stats about comms that the smartest CEOs know well:
63 percent of a company's market value comes from its overall reputation (Source: Weber Shandwick)
Nearly 70 percent of leaders report facing a true crisis in the past five years (Source: PwC)
Only 1-in-3 have a crisis management plan in place (Source: PwC)
Case Study: SoFi Turns Issues Into Crises
SoFi, a $30 billion private financial institution, today sent out an email about a hack of consumer personally identifiable information (PII)...from three weeks earlier….
That’s sketchy.
Crisis Management 101: Never Ever Say “No Comment”
No comment. It’s one of the absolute worst possible responses you can give when faced with a question from a reporter. We’ve all seen it on TV when the lawyer walking outside the courtroom says “no comment” on behalf of their client. This amps up the dramatic stakes and tension for the viewer — but it’s never ever ever ever a good thing.
News Breakdown: Four Paws Down for NBC News
NBC is an awesome and very reliable legacy news outlet — not as great as it used to be, but still a beacon of truth in this horrible age of misinformation. But this story gets four paws down for sensationalist garbage reporting.
Case Study: Aligning Company Action with Core Values
Levi Strauss & Co.'s partnership with Lalaland.ai in March 2023 to use AI for creating diverse models sparked significant backlash and viral attention, critiquing the move as a step away from genuine diversity and inclusivity. This reaction from the internet and coverage by major news outlets highlighted the communications challenges and potential risks to LS&Co's reputation, sales and investments.

