IPG Execs Face Unfriendly Fire

Inspiration meets innovation at Brandweek, the ultimate marketing experience. Join industry luminaries, rising talent and strategic experts in Phoenix, Arizona this September 23–26 to assess challenges, develop solutions and create new pathways for growth. Register early to save.

NEW YORK — Analysts and shareholders reacted with exasperation last week to Interpublic Group’s latest financial bombshell: a steep drop in earnings’ projections and a vast understatement of an accounting imbalance in Europe.

The bad news and a subsequent 30 percent slide in the value of the stock led some IPG agency executives to question the leadership skills of CEO John Dooner and CFO Sean Orr. But by week’s end, sources said IPG’s board did not appear ready to make any changes at the top.

A



AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Spring Special

Save 30% Off an ADWEEK Subscription Today!

View Your Options

Already a member? Sign in