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.