Interpublic's top three executives took a compensation cut in 2012 as net income tumbled 15.7 percent to $465M on flat revenues of $7B.

The "hits" were largely due to declines non-equity incentive plan compensation according to IPG’s proxy statement released April 12.

CEO Michael Roth saw total comp tumble 25.4 percent to $9.7M as his incentive payout dropped 61.1 percent to $2.1M.

CFO Frank Mergenthaler suffered a 15.6 percent slide in overall comp to $3.8M as incentive pay was halved to $1M.

Chief strategy and talent officer Philippe Krakowsky’s comp fell 8.3 percent to $3.3M, while incentives slipped 50 percent to $833K.

He did receive a healthy boost in non-qualified deferred comp to $335,525 from $153,231.

IPG will hold its annual meeting in New York on May 23.