May
25
John Wren’s $41 Million ‘Golden Coffin’ Still Alive, Kicking
Posted in: UncategorizedNEW YORK (AdAge.com) — At Omnicom Group, the chief executive gets paid until death does him part — and then even after that. The holding company offers CEO John Wren and other top employees a perk commonly known as a "golden coffin" — a death benefit granted to heirs after the officer's ultimate demise. Omnicom investors on Tuesday rejected a proposal calling on the company to rein in this form of generosity, which could mean an additional $41 million in payouts to the 57-year-old Mr. Wren's survivors.
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