 Michael Roth |
Interpublic CEO Michael Roth took a 6.1 percent cut to $16,883,818 in total compensation for 2017, according to the ad/PR conglomerate’s proxy statement released today.
An 11.9 percent drop to $7,548,750 in non-equity incentive plan comp, which includes performance-based cash awards, accounted for most of Roth’s pay shortfall.
IPG posted a 0.5 percent gain in '17 revenues to $7.9B. Net income fell 4.9 percent to $579M.
Frank Mergenthaler, executive VP/chief financial officer/CMG chairman, saw a 7.6 percent fall in comp to $6,268,963, while Philippe Krakowsky, executive VP/chief strategy and talent officer/IPG Mediabrands chairman, took a 2.1 percent pay hit.
The median total compensation of IPG’s 49,000 full-time, part-time and temporary workers (excluding Roth) was $63,936.
The ratio of Roth’s comp to median employee comp was 264:1.
Omnicom CEO John Wren reports Q1 revenues jumped 5.4 percent to $3.6M, powered by a solid 7.0 percent rise in its advertising & media segment.
Public Policy Holding Company registered 24.1 percent growth to a record $135M during the past year, which included the results of the March 1 acquisition of Multistate Assocs.
Stagwell CEO Mark Penn reported Q4 net revenues dipped 5.6 percent to $551.1M during a “challenging year for marketing services and digital transformation.”
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WPP reported Q4 revenues inched ahead 0.3 percent to $4.1B as CEO Mark Read wrapped up a year that he said was more challenging than expected due to cutbacks, mainly by technology clients.
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