Turmoil at Burnett

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As the year began, Leo Burnett’s newly installed management team figured 2001 would be a year of transition as the agency prepared to go public.

They had no idea.

A string of high-profile pitches that failed to convert, executive departures and uncertainty over the much-ballyhooed IPO’s fate have left the $3 billion agency looking rudderless.

The latest indication of instability came with the departure last week of U.S.

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