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NEW YORK Interpublic Group chief executive David Bell reiterated his priorities for the year on Tuesday morning, stressing the need for IPG to clean up its balance sheet, improve margins, grow organically and attract “world-class talent.”
Speaking at his first annual shareholders meeting as CEO, Bell, who replaced John Dooner in February, acknowledged the financial and performance problems that have plagued IPG in the past year. Those troubles include a $181.3 million accounting imbalance attributed chiefly to McCann-Erickson in Europe and a 52 percent decline in the stock price.
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