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- Omnicom's John Wren Got $25 Mil. Stock Bonus Days After 3,500 Layoffs
- Omnicom gave CEO John Wren 1 million stock options as a Christmas present just 13 days after he laid off 3,500 employees at his agencies. The options have a strike price of $25.48. The options have a face value of $25.4 million. The stock can only be...
- Blog posts 2009-01-14
Additional Resources
- Omnicom CEO loses $28 million in drop; Wren package based on options; reason for its accounting?(John Wren)(Brief Article)
- The chief executive of Omnicom Group Inc. lost more than $28.5 million in a sudden plunge of the advertising company's stock in the past three weeks, which has erased the value of the 2 million options he was granted in the past year. John...
- Research articles 2002-06-17
- Omnicom's Wren Hints at Layoffs, Bonus Cuts to Come
- A close look at Omnicom's third quarter earnings and the agency holding company's conference call offer some worrying data points of you're an employee at one of CEO John Wren's agencies: The boss says you're a flexible expense who could be cut. Let's examine what was said...
- Blog posts 2008-10-27
- Omnicom's Credit Crunch: a Gamble by CEO Wren That Didn't Pay Off
- Omnicom has been put on Standard & Poor's creditwatch, placing its A- credit rating in doubt. Adweek reported the news, and gave this reasoning from S&P credit analyst Heather Goodchild: We are also concerned about Omnicom's overall funding flexibility as a result of recent and potential debt puts. ...
- Blog posts 2009-02-13
- Omnicom's Wren: Chrysler Is "at Risk" and We're Pitching; 5,000 Jobs Lost Since '08
- Omnicom chief John Wren appeared to be using his Q3 2009 conference call to pitch rival auto accounts to Chrysler, or at least to alert clients that his agencies -- including BBDO -- may be available for work soon. Wren told investors Chrysler was "at risk" and that Omnicom's agencies...
- Blog posts 2009-10-22
- Omnicom Q2: Wren Sees More Layoffs in Q3; Cashflow Still Negative
- Omnicom chief John Wren told investors today that he expects to see more layoffs at his agencies in the third quarter of the year. Omnicom reported its revenue decreased 17.4 percent to $2.8 billion and net income decreased 24 percent to $233.4 million. by Jim Edwards
- Blog posts 2009-07-23
- Omnicom's Top Execs Saw Pay Slashed to Save Bonuses for Underlings
- Omnicom's top executives took massive pay cuts so that their underlings could continue to receive their bonuses, according to a filing the company made with the SEC today. CEO John Wren's total compensation in 2008 was cut from $10.4 million to $3 million. BBDO CEO Andrew Robertson...
- Blog posts 2009-04-09
- Omnicom Group Inc. Q1 2006 Earnings Conference Call Transcript (OMC)
- Earnings Call Excerpt Omnicom Group Inc. OMC Q1 2006 Earnings Conference Call April 25th 2006, 8:30 PM. Executives: Randall Weisenburger, Vice President, Chief Financial Officer John Wren, President, Chief Executive Officer Analysts: Jason Helfstein, CIBC World Markets Michael Nathanson, Sanford...
- Earnings calls 2006-04-25
- Omnicom Group, Inc. Q4 2005 Earnings Conference Call Transcript (OMC)
- Earnings Call Excerpt Omnicom Group, Inc. OMC Q4 2005 Earnings Conference Call February 14th 2006, 8:30 AM. Executives: Randall J. Weisenburger, Chief Financial Officer, Executive Vice President John D. Wren, Chief Executive Officer, President Analysts: Steven Barlow, Prudential Jason Helfstein,...
- Earnings calls 2006-02-15
- Omnicom Group Q3 2007 Earnings Call Transcript
- Question-and-Answer Session Operator Great, thank you very much. Operator Instructions. And your first question this morning comes from the line of Troy Mastin with William Blair & Company. Please go ahead. Troy Mastin - William Blair & Company Good morning. Thank you. Advertising growth remains pretty strong....
- Earnings calls 2007-10-23
- Omnicom Group Posts 22% Third-Quarter Profit Loss
- NEW YORK (AdAge.com) -- Double-digit declines continue at Omnicom Group, which today reported a third-quarter loss of about 22% to $166 million, compared with earnings of $214 million a year ago. For the first nine months, profit slid to about $564 million from $730 million over the same period in...
- News items 2009-10-21
- Omnicom Group Inc. Q2 2008 Earnings Call Transcript
- Question-and-Answer SessionOperator Thank you. Operator Instructions. And our first question, then this morning, comes from there line of Alexia Quadrani with Bear Stearns. Please go ahead. Alexia Quadrani - Bear Stearns Thank you, a couple of questions. First, did you see any significant trends as the quarter progressed, like...
- Earnings calls 2008-07-22
- Omnicom Lays Off 3,500; Are More Layoffs on the Way?
- Omnicom is to lay off 5 percent of its workforce, or about 3,500 of its 70,000 employees worldwide. BBDO is expected to take a large hit as it is Chrysler's agency of record. The question now is, will those cuts be enough or must Omnicom agencies bleed some more to...
- Blog posts 2008-12-18
- BBDO Signals End to Chrysler Relationship, Its Detroit Office
- NEW YORK (AdAge.com) -- In a sign that the end of Chrysler's relationship with BBDO is near, executives familiar with the situation said BBDO's Detroit office will close its doors in January, leaving the fate of its remaining 485 employees up in the air. Mr. Robertson couldn't be immediately reached...
- News items 2009-11-09
- Chryslers aren't the only cars in Omnicom's lot.(News)(Omnicom Group Inc.)(DaimlerChrysler AG)(Brief article)
- John Wren's top client is on the block, but Omnicom Group's CEO is still in the driver's seat when it comes to auto advertising, with Nissan at TBWA/Chiat/Day, Mitsubishi at BBDO, Subaru at DDB and Volkswagen at DDB abroad. General Motors Corp. yanke John Wren's top...
- Research articles 2007-04-09
- Omnicom Q3 2006 Earnings Call Transcript
- Question-and-Answer SessionThank you very much. [Operator instructions]. And our first question this morning comes from the line of Troy Mastin with William Blair & Company. Please go ahead. Troy Mastin - William Blair & Company Good morning, couple of quick questions. First you had mentioned China as...
- Earnings calls 2006-10-24
- Interview: Omnicom Digital CEO Jon Nelson: We Were A Trendsetter In The Ad-Shop M&A Game
- Since the end of 2006, Omnicom Group’s smaller rivals WPP Group and Publicis Groupe have struck out aggressively to acquire digital ad shops, while Omnicom has tended toward smaller investments like the purchase of interactive marketer C2 Creative, or taking a stake in New Zealand web designer Shift and...
- External links 2009-10-02
- Omnicom Sets Up New Unit To Plot Digital Aquisitions
- Tired of being left behind smaller ad holding company rivals in making digital acquisitions, Omnicom Group is forming a division that will look for digital acquisitions, the WSJ reports.The new unit, called Omnicom Digital, will be headed by Jonathan Nelson, who is now a special adviser to CEO John...
- External links 2009-09-30
- Omnicom Group Q2 2007 Earnings Call Transcript
- Question-and-Answer SessionOperator Great. Thank you very much. Operator Instructions And our first question comes from the line of Karl Choi with Merrill Lynch. Please go ahead. Karl Choi - Merrill Lynch Hi, good morning. The net -- the organic revenue growth was certainly very strong in...
- Earnings calls 2007-07-24
- Omnicom Group Inc. Q3 2008 Earnings Call Transcript
- Question-and-Answer SessionOperator Great. Thank you. Operator Instructions. And our first question this morning comes from the line of Craig Huber with Barclays. Please go ahead. Craig Huber - Barclays Yes, good morning. A few questions. Can you just go through how each of the individual months did from an...
- Earnings calls 2008-10-21
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