Money, Not Manners, Was Reason For Split

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When CITIC Guoan recently announced the termination of its joint venture with Grey Worldwide, the split was curious to say the least: In making the statement to reporters in Beijing, the Chinese company’s executive vice chairman Yan Gang blamed the parting on Grey parent WPP and its CEO Martin Sorrell, whom he claimed behaved “very rudely” toward his Chinese counterparts.

The public rebuke is all the more remarkable because it pits Yan, one of China’s most prominent admen, against Sorrell, one of China’s most vocal Western supporters.

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