 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.
Public Policy Holding Company grew 27.5 percent to $50.1M during Q1, powered by the accelerating contribution from recent acquisitions and a 5.1 percent hike in organic revenues across its three operating segments.
Institutional Shareholder Services advises investors to vote "no" on a compensation package for WPP chief Cindy Rose at the May 8 annual meeting.
FTI Consulting chalked up a 9.5 percent rise in Q1 revenues to $983.3M, powered by gains in its PR, corporate finance and technology segments.
Stagwell reports 4 percent growth in Q1 net revenues to $585M and a record $141M in net new business wins.
WPP reported a 6.7 percent drop to $3.1B in Q1 like-like revenues less pass-through costs. CEO Cindy Rose says 'it will take time to outpace historical losses."
