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| John Wren |
Omnicom CEO John Wren, who hasn’t had a salary hike in 19 years, earned $20M in 2021 total compensation, which was up 79.3 percent from the year-earlier period.
Along with other top executives, Wren did not take a salary from April 1 through September 2020 as part of the response to the COVID-19 crisis.
The 69-year-old chief collected $1M in salary, $8.1M in stock awards and a $10.6M cash award as part of the firm’s bonus scheme during the past year.
Wren’s employment agreement runs through 2024 and “is subject to annual automatic renew for successive one-year terms unless either party provides timely written notice of an intent not to renew,” according to the company’s proxy for the May 3 annual meeting in Charlotte.
If Wren steps down as CEO, he will continue as executive chairman, while he serves on the board of directors.
Phillip Angelastro, executive VP/CFO, finished second in the compensation race. His total comp jumped 139 percent to $9.8M.
Daryl Simm, the former media group chief who stepped into the newly created president and COO post on Nov. 1, debuted on the list of OMC’s top five highest-paid executives.
He earned a salary of $975K and total comp of $8.8M.
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."
