Agency Spy caught them. Silverstein responded thusly:
"Our new logo is old.
I’ve heard that people have been questioning our new logo. Allow me to explain. I’ve always loved timeless, beautiful things. So it’s not a coincidence that the logo looks like a 100 year old ligature. It was 100% intentional. I found it in my library in a book of ligatures that I’ve had for 30 years and always admired. I thought it would be nice to take something old and ignored and reimagine it. And that’s what I did.
I enlisted the help of a few talented people in the company and with full transparency we took the beauty of the original hand drawn letter forms and conveniently changed the C to a G, removed the O, and added a P.
Appropriation is a big part of our culture. Sampling is part of the modern music scene. Andy Warhol’s most famous silk screens were made from other people’s photographs. And Richard Prince blew up cigarette ads to make art.
Making something old new again was my full intention and I’m very happy with the outcome.”
Note to Rich: you are not an artist. You are a hack ad guy.
Related: ad agencies—consistently terrible at advertising themselves.
Update: The agency entered their new logo at Cannes in June. Notice there's no mention of the source in their design description here. "Full transparency."