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People / The economics of affection

Ryan Barker and the Price of Being Loved

Ryan Barker built BERA around a question that makes marketing departments uncomfortable: what is a customer’s affection actually worth? His career follows that question from brand research to financial models, a company sale, and the microphone.

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Love is an awkward word to put in a spreadsheet. It has no obvious unit, no agreed exchange rate, and an unfortunate habit of making serious people reach for less embarrassing vocabulary. Ryan Barker has spent much of his professional life insisting that a business ought to attempt the calculation anyway.

As the founder and CEO of BERA, he has made the relationship between consumers and brands his subject. His recurring question is practical: can a company connect what people feel about it with what those people subsequently buy, what they will pay, and the financial value the business creates? The question sounds simple. Answering it requires marketing and finance to agree on what counts as evidence.

The shape of his career emerges through that effort. There is the consultant’s interest in how people choose, the software founder’s wish to turn research into something repeatable, and the podcast host’s patience for asking executives to explain themselves. Across those roles, Barker keeps returning to the same uncomfortable distance between a pleasing chart and a useful decision.

Google, Reese’s, and the missing car

One early glimpse comes from 2013, when Barker was executive vice president of marketing and decision analytics at Vision Critical. Its BERA research group compared the most-loved brands of Millennials with those of a broader population. The study drew on 7,000 Millennials and 28,000 general-market participants. Google appeared on both lists. So did Reese’s and Lego. Affection was evidently capable of accommodating both search engines and small bricks.

Barker noticed an absence: no automotive brand made either top 25. The findings also showed differences in entertainment preferences between the groups. He was already addressing the implications to CMOs and CFOs together. A list of favorites could be a pleasant diversion; the business question was what those preferences meant for future customers and revenue.

His education includes Thunderbird School of Global Management, where his public professional profile records study from 1998 to 2000. BERA’s own account describes 15 years in brand consultancy at WPP before he founded the business. That background places the software project in a recognizable setting: someone accustomed to studying brands wanted research to carry further into the decisions made about them.

A REVEALING EARLY STUDY / 2013Two audiences. No car in either top 25.
7,000Millennial participants
28,000General-market participants

Vision Critical BERA study. Google, Reese’s and Lego appeared on both most-loved lists.

A bridge with a budget attached

In 2018, Barker and Fortuna Advisors founder Greg Milano coauthored Building a Bridge between Marketing and Finance in the Journal of Applied Corporate Finance. The choice of venue matters. Here was a brand specialist taking the argument into a finance journal, where consumer affection would have to explain its relationship to cash flows and valuation.

Their diagnosis was a language problem with financial consequences. Marketers had measures of consumer response. Finance had methods for assessing investments. Without a common framework, spending discussions tended to retreat toward the sales that could be demonstrated quickly. Longer-term brand building struggled to earn its place beside more easily modeled investments.

The paper proposed connecting behavioral measures and financial analysis to improve resource allocation. Its ambition was to make the conversation specific enough for both disciplines to use. A finance team should be able to question an assumption. A marketing team should be able to explain the mechanism behind a projected return. Cordial relations across departments would be welcome, but they would hardly substitute for a working model.

That is also what makes the collaboration revealing. Barker’s project needs people who can challenge its translation into financial terms. Milano brought that perspective. The bridge in the title required traffic in both directions.

Giving the research a regular job

BERA’s 2020 partnerships announcement marked another stage. PeakEquity Partners, Jim Stengel, and the Jim Stengel Company joined the business’s growth plans. Stengel, a former global marketing officer at Procter & Gamble, connected Barker’s measurement project with a practitioner known for thinking about the purpose and management of brands.

At the time, BERA reported continuous measurement of more than 4,000 brands across more than 200 sectors, reaching over a million Americans and producing 1.2 billion data points annually. Those are historical company-reported figures. Their significance is the kind of business Barker was building: a recurring flow of information that could support decisions between the occasional presentation and the next annual planning cycle.

The company’s description of its software makes the intended use concrete. Teams can compare changes over time, examine audiences and geographies, and look across competitors. A brand manager can ask where a relationship is changing. A finance colleague can ask which change deserves investment. The usefulness depends on what happens after the dashboard has attracted everyone’s attention.

Interview artwork showing Ryan Barker in glasses beside the subject of brand tracking and brand equity
Love, with a research brief. Interview artwork accompanying Barker’s March 2023 conversation about brand equity. Image: Brand Innovators.

The funnel gets an awkward question

Barker’s interviews show how that approach differs from simply producing more reports. In 2021, he discussed customer love as a performance indicator with Howard Tiersky on Winning Digital Customers. The conversation covered purpose, precision marketing, and the limitations of relying on price messages and discounting. His subject was the relationship that helps a sale happen, along with the message intended to prompt it.

By 2023, BERA had introduced Scenario Planner, and Barker was talking about the choices marketers could make with it: which audiences to pursue, the likelihood of conversion, and the potential durability of the relationship. He argued that functional benefits, emotional connection, experience, and purpose all belonged in the assessment. The appeal of one universal explanation gave way to a more demanding question about their balance.

“Brand doesn’t live in marketing alone,” he said. His argument extended to employees and the way a business behaves internally. It also challenged the habit of treating repeated visits through a sales funnel as a sufficient account of a customer relationship. A sale is an event. Understanding why someone comes back asks more of the business.

This is a useful distinction in reading Barker. His enthusiasm for measurement concerns decisions, rather than measurement as office decoration. Another report can always be commissioned. Knowing which audience merits attention, and what the company should do for that audience, is the harder assignment.

THE QUESTION BEHIND THE SOFTWAREFrom a feeling to a decision
  1. 01 / PERCEPTIONWhat do people think of the brand?
  2. 02 / BEHAVIORHow does that relate to buying?
  3. 03 / VALUEWhat financial outcome matters?
  4. 04 / ALLOCATIONWhere should the next dollar go?

An editorial explanation of Barker’s approach, not a chart of measured results.

A sale, and a harder reckoning

In July 2024, The Harris Poll announced that it had acquired BERA, with plans to incorporate its predictive analytics into Harris Quest. The announcement described a platform covering more than 4,000 global brands and emphasized combining BERA’s capabilities with the existing research suite. The technology had found a home inside a larger research business.

The transaction also has a contested history. In a May 29, 2026 ruling concerning CIBC Bank USA’s lawsuit, Delaware’s Court of Chancery described a failed sale process at the original BERA Brand Management corporation and a subsequent secured-party asset auction. A Stagwell affiliate purchased the assets for approximately $650,000. That history makes a simple narrative of an uncomplicated founder exit inadequate.

CIBC alleged that Barker interfered with the sale process to advance his own interests. The court dismissed the derivative claims on procedural demand grounds and dismissed the contractual-interference claim against PeakEquity. It allowed the contractual-interference claim against Barker to proceed. This was a ruling on motions to dismiss, with pleaded allegations assumed true for that purpose, rather than a final finding of liability.

The distinction matters to a fair account of his career. The research project, the acquired technology, and the dispute over the original company’s sale belong in the same story. An argument for measuring business value does not settle the separate questions of how a company is financed, sold, or governed.

The microphone becomes another instrument

Barker continued making his financial argument in public. In June 2024, he appeared on Create More Value with Greg Milano to discuss brand differentiation, executive performance indicators, and the relationship between brand measures and valuation. The collaboration from the finance paper had become a conversation listeners could follow.

In May 2025, he joined BERA chief strategy officer Ken Favaro for a discussion of brand investment under activist-investor pressure. Heinz and Barbie supplied examples. The focus was how management could defend and improve investments when investors demanded a clearer account of their contribution. The audience for Barker’s ideas had expanded beyond the marketing department that first collected the measurements.

His connection with Stengel also continued. They had appeared together in the 2020 Prosperity Through Purpose series, including an episode about frozen-food brand EVOL with growth adviser Suzanne Tosolini. By October 2025, Barker and Stengel were launching The Brand Builder’s Playbook, an eight-part series with guest cohosts Lindsey Wehking of Nonfiction Research and Cait Lamberton of Wharton.

The series moves through questions of pricing power, marketing returns, partnerships, and leadership. Its guest list includes executives from Molson Coors, Tapestry, Mastercard, Ally, True Religion, and Gap, alongside authors and scholars. The format suits the practical side of Barker’s project: invite people who have had to make the choices, then ask how they made them.

“Brand doesn’t live in marketing alone.”

Ryan Barker / 2023

Affection still has to earn its keep

In his 2025 discussion with Stengel, Barker described the danger of paying to “rent attention.” His point was that performance marketing works harder when supported by brand equity. He wanted the teams responsible for immediate response and longer-term brand building to connect their incentives and measures. Different reporting lines need not prevent them from examining the same business result.

That aspiration has remained remarkably consistent across his public work: give brand investment a financial explanation sturdy enough to be debated in the boardroom. It is a demanding standard for a field that can produce beautiful evidence of activity. A customer noticed something. A campaign generated a response. Barker wants the next question asked, too.

His story is most interesting at that point of friction. The consultant, founder, collaborator, and host have all worked on translating a human attachment into a business decision. The company’s own difficult transaction adds weight to the distinction between an attractive theory of value and the choices made around it. Love may get a place in the spreadsheet. The numbers, and the people responsible for them, still have to answer questions.

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