Wren's pay is just above that of JPMorgan CEO Jamie Dimon, which is $41.9M.
Activists are criticizing OMC's governanceand pay practices to excutives.
Via: BOLT Insurance
If you God forbid get advanced lung cancer,prostate cancer or skin cancer you are likely to die from it, in the first two cases painfully. But if you have the influence or luck to get surgery by Dr. Robert Downey, Parrick Borgen, Jaspreet Sandhu or Roy Geronemus, you have a good chance of living for years and years painfree. Judge what percentage of your annual income you'd pay fpor these doctors and then judge whether OMC's board is justified in Payin Wren $42 million of the $14 billion OMC gets in annual billings.
FleishmanHillard and other OMC PR firms pay beautifully--often stunning compenstion packages to bring in geniuses, the very best. Then these employers charge clients (who are gragteful for the top talent) enough tocover and yeld a good profit.
Buying the best is often not extravagant, and hiring lower priced people as activists might prefer may not be a good way at all to save money.