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| Michael Roth |
Interpublic CEO Michael Roth took a 2.2 percent cut in total compensation to $16.6M during 2019, according to the firm's proxy statement released April 9.
Executive VP & COO Philippe Krakowsky enjoyed a 6.2 percent boost to $8.5M.
Frank Mergenthaler, CFO and chairman of the constituency management group, saw a 5.3 percent hike in comp to $5.9M. He stepped down as CFO on Dec. 31, 2019, and retired as executive VP on March 31, 2020.
Ellen Johnson succeeded Mergenthaler as CFO. Her compensation was flat at $1.9M.
Former Weber Shandwick CEO Andy Polansky took over the CMG duties from Mergenthaler. His compensation is not listed in the proxy statement.
Interpublic has penciled in its annual meeting for the Paley Center in New York on May 21, but warns shareholders the event could become a virtual session due to the COVID pandemic.
"We are sensitive to the public health and travel concerns our stockholders may have and the protocols that federal, state, and local governments may impose in connection with the coronavirus or COVID-19 and, as such, we might hold a Virtual Annual Meeting instead of holding the meeting in New York," said IPG in its proxy.
IPG promises a decision will be made "as soon as practicable" on whether the annual shareholder session is live or virtual.
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."
