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In April, DDB Worldwide CEO Keith Reinhard, Omnicom’s largest individual shareholder, owned stock worth upwards of $45 million. Today, those 482,770 shares are worth $22 million.
The breathtaking paper losses reflect a dismal June quarter for Omnicom Group, which closed Friday trading $45.80, down 51 percent from the $94.40 close of March 28. The stock hit an all-time low on Thursday when it slid to $36.50.
The stock dive comes as Omnicom continues to face public and SEC scrutiny following a June 12 feature in The Wall Street Journal that questioned its financial integrity.
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