Some executives on Public Groupe’s management board are forgoing their 2009 bonuses, the company said this week.
“The latter have made substantial efforts throughout the year 2009 to help our clients surmount the economic crisis, and have done so in spite of the fact that the Groupe had instituted a hiring and salary freeze,” the company said in a statement.
Publicis Groupe CEO Maurice Levy [pictured] would have received a $3.7 million bonus. The holding company combined its PR offerings under the MS&L Worldwide banner in November 2009.
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