AgencySpy
 
Receive mediabistro.com's Daily AgencySpy Feed via email


Daily Media Newsfeed Click here to receive mediabistro.com's Daily Media Newsfeed via email.

Wednesday Apr 23, 2008

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?




new on mediabistro.com

How to Write an Arts and Culture Review

Learn everything you need to know to write a smart, publishable review of music, film, books, theater or any other arts and culture topic.
Watch the video

Email This Post

Fill out the following information and click on the Send button in order to send this post, Money And The Big Boys, to a friend.
Friend's name
Friend's email address
Your name
Your email address
Note to your friend (optional, max 200 Characters)

Read more on AgencySpy >

Interested in advertising on AgencySpy?

AgencySpy is a blog about the advertising industry

Editors:
SuperSpy
AIM: agencyspy

OnTheDownLow
AIM: ontheDL666

About

Syndication

Anonymous Tips


mb Blogs

FishbowlNY

FishbowlDC

FishbowlLA

TVNewser

PRNewser

GalleyCat

UnBeige

MobileContentToday

AgencySpy

Categories

About

About Us - Modules

About Us - Subheader Module

AD-vice

Aegis

Agencies

Agency.com

AKQA

Anomaly

Applause

Arnold Worldwide

Awards

Bartle Bogle Hegarty

BBDO

Bedtime Stories

Berlin Cameron United

Brands

Broadcast

Campaigns

Carat

Celebrity

Conferences

Crispin Porter & Bogusky

DDB

Deep Focus

Deutsch

Digitas

DraftFCB

Droga5

EuroRSCG

Fallon

Generalities

Goodby

Grey Worldwide

GroupM

GSD&M

Hires and Higher Up...

Inspiration

J. Walter Thompson

Kirshenbaum Bond

Leo Burnett

Martin Williams

McCann

Mcgarrybowen

Media Buying

MindShare

Mobile

News

No Wukkas - The Job Hunt

Oglivy

OMD

Online

People

Print

Publicis

R/GA

Saatchi & Saatchi

Social Media

StrawberryFrog

Sustainability

TBWA/Chiat Day

Technology

Television

The Martin Agency

The Richards Group

The Spies

Tribal DDB

We Hear...

What The...?

Wieden & Kennedy

WPP

Young & Rubicam

Links

mb News Feed

Archives

May 2008

April 2008

March 2008

February 2008

more...


Recent

Coming Out Party: Anonymous Blogger Alan Wolk Wants To Say Hi

Synarchy In The Ad World

Today Is An A-Hole


Subscribe

Click here to receive the Daily Media News Feed by email.

Job Listings

Featured Listings

Web & Multimedia Editor
World Bank (International Development Agency)
Washington DC, DC

Interactive Creative Director
Schematic
Atlanta, GA

Advertising Account Executive
TRIBEZA
Austin, TX

Classified Ad Sales Manager
Central Jersey B2B Newspaper
Piscataway, NJ

Become a partner


ADVERTISEMENT


mediabistro.com l Member Benefits l Jobs l Freelance Marketplace l Courses l Events l Forums l Content
mediabistro Blogs: Media News l TVNewser l GalleyCat l UnBeige l FishbowlNY l FishbowlLA l FishbowlDC l mbToolbox l PRNewser l AgencySpy l MobileContentToday
Site Map l Advertising/Sponsorships l Partners l About Us l Contact Us/Help

JupiterOnlineMedia

internet.comearthweb.comDevx.commediabistro.comGraphics.com

Search:

Jupitermedia Corporation has two divisions: Jupiterimages and JupiterOnlineMedia

Jupitermedia Corporate Info


Legal Notices, Licensing, Reprints, & Permissions, Privacy Policy.

Web Hosting | Newsletters | Tech Jobs | Shopping | E-mail Offers