Interpublic Group is finally considering whether McCann CEO Nick Brien should lose his job after just two years, according to the Wall Street Journal. McCann -- and particularly its flagship New York office -- has been plagued for years by a lack of new business wins. Among its losses are Nestle, Lufthansa and Exxon Mobil.
Brien is more famous for having the most expensive car and driver bill of any agency CEO than he is for winning new clients (it's nearly $16,000 a year).
Instead of new business, Brien's tenure atop McCann has been marked by an influx of new managers, sources have told us over the years. The agency also rebranded, dropping the venerable "Erickson" name from its logo.
Brien's exit would be comparatively cheap, compared to his predecessor. He has a severance package that, depending on whether Brien's exit is classified as "without good reason" or a "qualifying termination," will give him between $1.86 million and $4.24 million upon leaving.
That's a fairly modest sum. Two years ago, the previous CEO of McCann, John Dooner, left the agency with a $37 million package, despite the fact that McCann lost its key Verizon business on his watch.
Separately, a Brien exit would leave IPG CEO Michael Roth with two holes to fill: DraftFCB chief Laurence Boschetto is also looking for a creative chief in New York who can succeed him atop the agency.
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