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Candid Comment: WPP, Consolidation and Keeping Talent
NEW YORK–Sounding upbeat and optimistic, the future CEO of the new Young & Rubicam Group discussed the company's deal with the WPP Group and its goals for the future. On the financial front, Y&R Inc. last week reported a 14 percent gain in organic revenue for the second quarter, vs. the same period in 1999. Net income also grew–22 percent to $37.4 million. Sipping coffee and fingering two mini-chocolate bars, Dolan seemed relaxed despite a busy day ahead that included a meeting with the Y&R board of directors.
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