IPG Puts Best Face Forward (Updated)

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Interpublic Group’s Investor Day today was a largely blemish-free affair, chock-a-block with speeches, slides, video case histories and quips.

Naturally, worldwide CEO Michael Roth and the leaders of his global agencies aimed to impress the 200 or so shareholders, industry analysts, investment bankers, credit rating agency executives and reporters that gathered at the Times Center in midtown Manhattan. And compared to the last Investor Day—in March 2006—IPG at least had something to crow about, in terms of operating margin improvement (from 1.7

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