 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.
S&P Global has reaffirmed its negative “BBB” rating on WPP due to ongoing challenges that it will face during the next 12 months.
Stagwell’s Q4 revenues grew two percent to $807M while adjusted EBITDA rose three percent to $129M.
WPP CEO Cindy Rose unveiled “Elevate 28,” a strategic plan to simplify the troubled company, which reported a 5.4 percent drop in 2025 revenues to $13.6B.
Omnicom CEO John Wren reported a Q4 $977.2M operating loss, largely due to the $1.1B in severance and repositioning expenses connected to the $13B Interpublic takeover that closed on Nov. 26.
Publicis Groupe reports an 8.8 percent rise in 2025 net revenues to $16.4B with
