Interpublic Reveals Comp For 5 Top Execs
Holding company Interpublic Group on Friday released details of 2007 compensation for its top five executives as part of its proxy statement in advance of its annual meeting May 22. Interpublic's holdings include media agencies Universal McCann, Initiative and Magna.
Michael J. Roth, Interpublic's chairman of the board and CEO, received $1.1 million in base salary for 2007, only about a 3% raise from 2006. The company reported his total compensation--including stock awards, options and incentives--at $8.9 million, about a 16% increase over 2006. But an Associated Press calculation from the filing determined that Roth actually took in $11.1 million during the year--a 28% increase from 2006.
John J. Dooner Jr.--chairman and CEO of McCann WorldGroup, which includes Universal McCann--had a higher base salary than Roth at $1.3 million, also about a 3% raise from 2006. His total compensation, according to the filing, was $5.9 million--about 9% over 2006.
Interpublic is scheduled to release its first-quarter 2008 earnings on April 30. The company had revenues of $6.65 billion in 2007, and increase of 6% over 2006, and a profit of $131 million, compared to a loss of $79.3 million the previous year.
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