Grey Advertising doesn't have the reputation as a creative powerhouse, but tomorrow it will "walk on the wild side" by featuring legendary 1960s seminal rock band Velvet Underground front man Lou Reed at the Annual Legends of Music Seminar at Cannes.
WPP chief Martin Sorrell said this week that a previously reported decline in PR and public affairs revenue during the first quarter ebbed somewhat in April but the sector continues to lag other units like advertising and media investment.
Digital advertising revenues in the U.S. soared 15.6 percent to a record $9.6B during the first-quarter over the comparable 2012 period, according to numbers released by the Interactive Advertising Bureau.
Omnicom CEO John Wren, whose 2012 remuneration is listed as $42.6 million, was the eleventh highest paid U.S. executive according to a tabulation by Bolt Insurance, which is circulating an infographic with headshots of the CEOs.
Stockholder activists, quoting GovernanceMetrics Int'l/The Corporate Library, co-founded by Nell Minow, the "queen of good corporate governance" (BusinessWeek), are pressing for pay and governance reforms at Omnicom, the $14 billion conglomerate that owns FleishmanHillard, Ketchum, Porter Novelli and other PR firms.
Publicis Groupe reported a 6.5 percent decline in organic growth in Europe during the first-quarter as "2013 is turning out to be a difficult and contrasted vintage, with on the one hand the U.S. consolidating their growth and on the other Europe suffering," according to CEO Maurice Levy.
*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.