Editorial: Financial know-how will come to the fore

It's anybody's guess if the stock market's rollercoaster performance means a recession is imminent.

But if the worst does happen, it will test agency group senior managers. Costs will need controlling, agency structures will need to match the prevailing climate and cool heads will be key.

Time was when everybody assumed a good account man could morph into an agency chief executive. Today, being a financial disciplinarian is equally as important. And upcoming events could be about to prove that.