Friday Wake-Up Call: A new look at Omnicom and IPG salaries. Plus, a buyer for Tronc?
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Welcome to Ad Age’s Wake-Up Call, our daily roundup of advertising, marketing, media and digital news. And happy Friday the 13th. What people are talking about today: “Omnicom says its CEO John Wren makes 596 times its employees’ median pay, while IPG’s Michael Roth makes 264 times the median,” Ad Age’s Megan Graham writes. The U.S.’s Dodd-Frank Act, enacted after the 2008 financial crisis, now requires companies to disclose that ratio, and advertising giants Omnicom Group and Interpublic Group reported the figures this week. A word of caution though: Experts say there are big variations in the way companies calculate their median salary numbers, so it’s hard to compare the figures company-to-company. Read Graham’s full story, which includes more interesting data points. Such as this: Wren took home $23,959,325 last year, while Roth’s total compensation was $16,883,818.
Friday Facebook thoughts
For those who haven’t overdosed on Facebook news, here are two thoughts to end the week on:
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