Simcere Pharmaceutical Group, the Nanjing-based generic pharmaceutical maker, is relying on PR counsel and representation in the U.S. and China as it becomes the latest Chinese company to pull out of a U.S. stock listing.
The proposed combination of Omnicom and Publicis is being billed as a merger of equals but the pay packages of OMC CEO John Wren and CFO Randy Weisenburger dwarf the pay given to Maurice Levy of Publicis.
Media coverage of the "merger of equals" deal cut between Omnicom and Publicis Groupe leads one to think that OMC's John Wren (60) will assume the helm of the world's biggest ad/PR combine, following a 30-month dual CEO run with Maurice Levy (71). One shouldn't bet the farm on that assumption.
*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.