TVNewser TVSpy LostRemote SocialTimes AllFacebook FishbowlNY FishbowlDC PRNewser 10,000 Words GalleyCat UnBeige MediaJobsDaily

Money And The Big Boys

j-20306.jpg
Charles Brymer, CEO of DDB, is taking home some serious cash even as the agency has cycled through a round of layoffs this year. The 48 year old’s take home pay is $850,000, but add in his options and Chuck is worth over $3M.

Um, which is just as much as Sir Martin Sorrell, head honcho of WPP. His take home is $832,000 with total compensation added in, Sorrell is worth $3.2M.

Everyone is talking about CEO compensation these day and as we slide into a U.S. recession that noise is only going to shift from a rumble to roar. Remember when John Wren said that Omnicom staffers wouldn’t be seeing bonuses this year? John, CEO of Omnicom, has a base salary of $1M, but what happens when you add in his exercised and unexercised options, which total a bit over 4 million? Hold your breath. The total for Wren comes to almost $63M.

Did you see how much dough the Interpublic execs are taking home?

Michael J. Roth, Interpublic’s chairman of the board and CEO, received $1.1 million in base salary for 2007, which is only about a 3% raise from 2006. They say that a 3% salary raise is not enough to beat inflation, but when Roth’s total compensation (stock awards, options, incentives) tops out at $8.9M, which is a 16% increase over 2006, who cares about base salary?

John J. Dooner Jr.
, chairman and CEO of McCann WorldGroup, takes home a base salary of $1.3 million, which is another 3% raise from 2006. His total compensation was $5.9 million – 9% over 2006.

Yes, this isn’t the Bear Stearns crisis where thousands of workers lost their jobs was CEOs got generous buy-out packages in the tens of millions of dollars, but advertising industry employees are people do. Layoffs in the face of $5M compensation packages? Does that seem right?

Mediabistro Course

Public Relations

Public RelationsStarting October 1, learn how to get your foot in the door and launch your PR career! Taught by the former VP of Corporate Communications at Playboy Enterprises, Linda Marsicano will teach you how to draft pitch letters and press releases, develop and implement PR plans, garner media coverage, and other skills you need for a successful career in public relations. Register now!