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Omnicom's John Wren Gets $25M Bonus

Omnicom said it will be laying off 3,500 workers this January -- due to the economic climat. But that didn't stop the company from giving John Wren, CEO of the Omnicom Group, a grant of 1 million options on Dec. 29 with an exercise price of $25.48 each, or a face value of $25 million.

A Black Scholes report pegs these options at around $4 million -- a huge bonus any one you slice it. Five other executives also received grants of 500,000 options that carry a face value of $12.74 million.

Odds are that by the time Wren sells these shares, their value will be enormous no matter what his actions are during the same period of time.

Read the whole story at Agency Spy »

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