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NEW YORK Interpublic Group shareholders today soundly rejected two activist proposals that the holding company had opposed—one to separate the roles of CEO and chairman and another to recoup bonuses paid to top executives in the event of a restatement.
The votes came during IPG’s annual stockholder meeting in New York, during which shareholders also re-elected eight directors, reappointed PricewaterhouseCooopers as outside auditor and adopted a performance incentive plan for 2006. About 88 percent of those eligible to vote cast ballots, either in person or by proxy, according to IPG CEO Michael Roth.
IPG
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