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By Judy Warner
BOSTON–A desire to cash out of Arnold Communications while the agency was still flying high led Ed Eskandarian some months ago to begin seriously considering his options.
Last week, industry sources said the chairman and chief executive officer of Arnold Com-munications signed a letter of intent to sell the agency to a nonadvertising-related company. Eskandarian would not comment when asked whether a letter of intent had been signed. ‘I’m not going to discuss any of this,’ he said.
Even so, the 60-year-old executive has been candid about his desire to retire from the business before turning 65 and to capitalize on his agency’s financial success.
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