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Four weeks after Carter Murray took the Draftfcb CEO job, he’s still walking the halls of Young & Rubicam, and it could be September before he joins his new agency.
Why? Because Y&R parent company WPP Group is holding him to the six-month notice period in his contract—at least for now, according to sources.
Historically, notice periods were designed to give an agency losing an executive time to find a successor. Also, a cooling-off period between jobs, in theory, keeps an outgoing exec from using client business information in his new post.