Last Updated May 17, 2010 4:21 PM EDT
While Paris-based Publicis is within its rights to publish only in French, the company has consistently translated all its other documents into English and maintains an English investor relations site: It's an international company and its major ad agency brands (Leo Burnett, Starcom, Saatchi & Saatchi) are American or British. So this inconsistent transparency around the single most controversial issue in the company this year seems ... curieux.
The French version of Publicis' "document de reference" was disclosed in March. The English version only appeared a day or so ago, after I asked the company's investor relations people why it wasn't there. They just hadn't got around to translating it yet, was the reply.
The document -- the equivalent of an SEC annual 10-K filing -- also describes the compensation of Publicis' top executives in euros:
- Name, title, pay in euros, % change
- Maurice LÃ©vy (CEO) 3,600,000 +6%
- Jack Klues (Chairman, Publicis Groupe Media) 2,023,194 +6%
- Kevin Roberts (Saatchi & Saatchi CEO) 3,580,259 +12%
- David Kenny (managing partner of VivaKi) 2,304,013 +35%
- Jean"Yves Naouri (EVP operations) 990,000 +35%
Not all shared sacrifices are equally shared, it seems.
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