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Overall Billings Growth: Up 1.3% to $612 million: (grade D+)
Clients Lost: Acutrim, H.P. Hood, Heinz 57 Sauce, Thermador: (grade B)
New Clients: Acura Regional Marketing, Coty Gravity: (grade B+)
Growth From Current Clients: Up 0.4%, or $3 million: (grade B-)
Creativity: Car advertising shows imagination, as does work for Bank of America and the French Government Tourist office: (grade B)
Management Savvy: N.Y. chiefs Penchina and Perkins have to halt account losses and bring in more new business: (grade C+)
Teacher’s Comments: Collapse of Ayer deal leaves chief Paul Alvarez with a Catch-22 in N.Y.









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