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Interpublic Group CEO Michael Roth today defended his compensation as mid-tier compared to his competitors.
Roth, speaking at IPG's annual shareholder meeting in New York, received $11.7 million in salary, stock, stock options, incentives and benefits last year. A shareholder questioned if that was excessive, given that the company failed to reach its own operating margin target of at least 10 percent. IPG ended the year with a margin of 9.3 percent.
Roth replied that the margin goal was just one of several factors that determined his compensation.