Meyer To Stay At WPP Through '06

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Grey Global Group chairman and CEO Ed Meyer will be an employee of WPP at least through 2006, according to an SEC filing last week. WPP is acquiring Grey in a deal worth over $1 billion that provided Meyer, 77, with more than $300 million. Meyer’s WPP contract stipulates that he must name a worldwide CEO for Grey within six months of the merger’s completion.

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