Interpublic CEO Michael Roth earned a 9.7 percent rise in `14 total compensation to $12.9M as net soars 74.7 percent to $505M, according to the ad/PR conglom's proxy statement.
The firm sweetened his $1.4M base salary with $6.4M in stock awards, $4.7M in non-equity incentive plan comp, $383K in other payments and $31,118 due to changes in pension plan values.
CFO/executive VP Frank Mergenthaler saw a 9.0 percent increase in total comp to $5.4M.
Chief strategy & talent officer Philippe Krakowsky enjoyed an 18.7 percent boost to $4.5M.
At the May 21 annual meeting in New York's Paley Center for Media, IPG shareholders will get their first look at three new board members who joined it as part of the stand-still agreement hammered out with Elliott Management.
They are Jon Miller, former CEO of News Corp.'s digital group; Henry Miller, chair of Marblegate Asset Management; and Deborah Ellinger, ex-CEO at Princeton Review and Wellness Pet Food.
WPP reported a 5.5 percent decline in Q1 PR revenues to $292M as its BCW and Hill & Knowlton units suffered the loss of Pfizer assignments, and cutbacks in client spending due to the economic uncertainty.
Interpublic CEO Philippe Krakowsky said the firm is off to a “solid start to the year” as its flat $2.2B net revenues are in line with 2024 financial targets.
Why financial planning always plays a crucial role in every PR firm’s success.
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.
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