Publicis Groupe reported a one percent rise in organic growth to $2.2B during Q3 as "management was too focused on other plans and not enough on the short-term performance and growth," according to CEO Maurice Levy.
Stuart Smith, chief of Ogilvy PR's EAME region has taken over for CEO Christopher Graves effective immediately. Graves, who spent 18 years at Dow Jones' news & business side, took the Ogilvy CEO slot in 2009.
In the understatement of the year, Keith Lippert said it is "devastating" news that a key executive at 30-year-old Lippert/Heilshorn & Assocs. is charged with 13 counts of insider trading resulting in illicit gains of $1M.
*O'Dwyer's is the only PR firm ranking which requires the top page of the latest corporate income tax return and W-3, establishing particpants as PR firms rather than ad agencies or other types of businesses.