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By Andrew McMains and Jack Feuer
NEW YORK—McCann-Erickson WorldGroup, historically a growth engine that drives Interpublic Group, is falling short of revenue projections, and its managers are now paying the price—literally.
As McCann-Erickson struggles along with all the other global agency networks to meet its revenue goals in a difficult year, several other divisions of WorldGroup are posting particularly bad numbers, prompting top managers at the company to take a 10 percent pay cut.
Said a McCann representative: “The WorldGroup board did take an elective [pay] cut of 10 percent.
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