Interpublic Group chief executive Michael Roth received $12.9 million in total compensation in 2011, an increase of 26.7 percent from 2010, according to a newly released proxy statement for IPG’s annual shareholders meeting on May 24 in New York. That amount includes a $1.4 million base salary—unchanged from the year earlier—as well as stock, stock options and other forms of compensation.
The second-most highly compensated executive at the company, according to the proxy, was Nick Brien, the CEO of IPG’s McCann Worldgroup, who received nearly $4.8 million, a decrease of 1.5 percent from 2010. However, Brien’s base salary increased 3.8 percent to $1.2 million.
The holding company’s CFO, Frank Mergenthaler, saw his compensation increase nearly 15 percent to $4.5 million, including a base salary of $900,000, an amont unchanged from 2010.
Philippe Krakowsky, IPG’s chief strategy and talent officer, received a 19.4 percent increase in compensation to $3.5 million. Krakowsky’s base salary of $736,667 rose 9.9 percent year over year.
Christopher Carroll, IPG’s controller and chief accounting officer, received $1.6 million, of which $538,781 was his base salary. Carroll arrived at IPG in 2006 from McCann and became an executive officer this year.
Roth’s $12.9 million in total 2011 compensation includes proceeds from earlier long-term incentive grants that were settled in cash, as well as other compensation elements like retirement plan contributions and savings plan match, according to IPG. His year-earlier compensation did not include proceeds from earlier long-term grants since they were settled in shares and disclosed at the grant date, according to the company.