"It's a trap", Initiative global CEO Dimitri Maex stated bluntly on a miserable Sydney morning, leaning over a cafe table with his then ANZ CEO Mel Fein. Maex wasn't predicting the bombshell defection two weeks later of Fein and her two Initiative lieutenants, Sam Geer and Chris Colter, to Accenture Song. Or was he, given the timing of his flash Australian fly by? Whatever the case, Maex in a follow-up from the conversation with Fein – before it emerged she was bolting to set up a new, rival media agency venture – was almost effusive of the talents possessed by the media agency posse. More on that later, but the trap Maex was provocatively speaking of was the marketing funnel – it never existed and adherence to its construct is wayward and distorting investment decisions, he says. Marketers need new models, fast, but most of Initiative's clients, says Maex, don't have them – and very few can clearly articulate how marketing contributes to business. So he has a short-cut – and here it comes, sans Fein, Geer and Colter.