Omnicom has dropped a plan that would pay millions in bonuses to its top executives if they are fired for cause. According to Adweek, the bonuses were: CEO John Wren $18.7 million CFO Randy Weisenburger, $17.6 million BBDO chief Andrew Robertson, $6.8 million DDB CEO Chuck Brymer, $4.3 million The news came in one of two stories by Noreen O’Leary in Adweek that probably could have been...
Advertising Industry Archive
June 2009
Y&R Advertising chief Hamish McLennan can be sued for “misleading and deceptive conduct” in WPP’s acquisition of The Communications Group and the ad agency George Patterson, an Australian judge said. The move comes in a tangled lawsuit in Sydney that, so far, seems to be going horribly wrong for the plaintiff, WPP. The back story: WPP bought TCG for $80 million from...
U.S. Supreme Court nominee Judge Sonia Sotomayor once tangled with Lamar Advertising in the company’s ongoing quest to turn every town in America into Times Square. She ruled in Lamar’s favor. In 2001, Lamar applied to put up 88 double-sided billboards in tiny Orchard Park, N.Y. The town turned the company down on the grounds that its permits only allowed a maximum of 40 square feet...
UPDATE: The opposition of PIRC and ABI were not enough to stop Sorrell’s pay package going through, in a vote today. WPP also reported a decline in revenues of 6.7 percent. Investor watchdog Pensions and Investments Research Consultants has come out against WPP chief Martin Sorrell’s $95 million pay package proposal. PIRC joins the Association of British Insurers, which also urges...
Just days after Manchester United reportedly entered “advanced talks” with India’s Sahara Group, the club is now allegedly “90 percent certain” to sign a deal with insurance giant Aon to replace AIG as its $100 million lead sponsor. The Mirror reports the deal is worth £20 million a year. (That’s about $33 million.) Man Utd’s current deal with AIG is worth about...
General Motors owes Publicis and Interpublic ad agencies about $167 million in unpaid bills, according to its bankruptcy filing this morning. (Download GM’s creditors list here.) Here are the advertising vendors, and the amount they are owed, on GM’s list of 50 largest unsecured claims: Starcom MediaVest Group: $121 million Publicis Groupe: $25 million. Interpublic: $16 million...
- MDC Paid $1.4M for Attention Partners; Deal Illustrates Tax Strategy
- Verizon Victory Over Sprint Follows Defeat of AT&T in Legal War Over Ads
- Mad Men Spawns Don Draper Action Doll, Bobbleheads
- Euro RSCG Accused of Attempt to Flood Adweek Poll With Own Votes
- Macy's Joins Ralph Lauren in PhotoShop Disaster Zone
- Ads for Ketel One, Crown Royal and Chivas Regal Seem to Be Torn From Same Playbook
- Aegis' Q3 Results Report Is a Joke
- Bayern Munich Signs Deutsche Telekom to Largest Ever Football Sponsorship Deal
- Q&A: Why Eric Dezenhall Thinks Goldman Sachs' Apology May Be a Waste of Time and Money
- UPDATED: In Ad Fight, AT&T Admits Its Coverage Is Inferior to Verizon's, But Sues Anyway
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- McCann Accused of Plagiarism in Creepy Anti-Child Abuse Ads
- Valassis CEO Reaps $7.4M Stock Payday, Dwarfing Previous Compensation
- Can Saatchi's Roberts Avoid Debacle in Campaign for U.K. Prime Minister?
- More Pointless Esurance Secret Agent Ads Are on the Way
- Microsoft Edits Black Person Out of Ad; Everyone Offended
- Beck Compares Obama to the Nazis; Ad Boycott List Reaches 46; Viewers at 3M
- WPP in Talks to End Patterson Suit; Pact Could Head Off Embarrassment for CEO Sorrell
- Crispin's Contest for New Brammo Logo Infuriates Creatives Because It Shows Them The Future
- Bloggers Hate Bogusky's Book But Didn't Bother to Read It
- 3 Ways Clients Can Push Ad Agencies to Save Money
- Christians Boycott The Gap for Not Saying
- Conservatives Hate Starbucks Ad That Spoofs Town Hall Loudmouths
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- Clients Overcharged by News America Listed in Court; Sara Lee: NAM "Is Raping Us and Enjoying It"
- News America Talks Tough on Valassis Appeal But Borrows $1B, Just in Case
- Insignia Wins Ruling v. News America; Stage Set for Another Antitrust Trial in POP Biz
- Insignia Uses Valassis Trial to Bludgeon News America in Minn. Federal Case
- Valassis v. NAM Federal Trial Set for February; Judge Denies Pretrial Motions
- Autopsy: Steven Cohen and the Ad Boycott That Ended His Career
- Everybody Hates Palm Pre's Creepy Ads by Modernista!
- Glenn Beck Revenue Halved by Ad Boycott
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