REUTERS/Sebastien NogierMichael Roth, the CEO of ad agency holding company Interpublic Group, saw his pay decline by more than $3 million last year. IPG owns Deutsch, McCann and DraftFCB among other large agencies. Roth was paid $9.7 million in total compensation.
The year was not kind to Roth. Revenue at the company was flat at $7 billion when it was growing at competitors. Organic (like-for-like) revenue was up just 0.7%. By comparison, rival Omnicom saw a 4% uptick in organic growth.
The stock began the year at under $10 and ended near $11, in part on the strength of yearlong rumors that Roth might finally accept a takeover offer.
Roth did fix one huge hole in IPG's game: He hired a new CEO for McCann, Harris Diamond. That move appears to be working out: Diamond recently consolidated the General Motors account globally at the agency.
Here's the pay chart:
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