 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.
WPP shares have been dropped from the London Stock Exchange’s prestigious FTSE 100 index as its stock market price has plunged by two-thirds this year.
Public Policy Holding Company registered 23.8 percent Q3 growth to $48.8M, with organic growth contributing 4.5 percent and the balance driven by merger & acquisition activity.
Publicis Groupe reported 3.1 percent in Q3 growth to $4B, sparked by a 3.6 percent jump North America, its biggest market.
WPP suffered a 10.2 percent drop in 1H revenues to $6.7B and a 47.8 percent plunge in operating profit to $297M.
Interpublic reported Q2 net revenues dropped 6.6 percent to $2.2B and operating income tumbled 23.4 percent to $243.7M. 
