PR agency heads among recipients of '03 IPG bonuses

NEW YORK: PR firm leaders were among the agency executives awarded bonuses by Interpublic Group in March, according to sources.

NEW YORK: PR firm leaders were among the agency executives awarded bonuses by Interpublic Group in March, according to sources.

More than $41.4 million in bonuses for 2003 were awarded to companywide executives, The New York Times reported.

IPG recorded a $451.7 million net loss for 2003, and recent media coverage of the bonuses for that year have noted the company's financial struggles.

Sources told PRWeek that some bonuses went to managers at IPG's PR firms Weber Shandwick, DeVries Public Relations, Golin/Harris International, and the MWW Group.

The sources could not say who got bonuses or how much money was awarded to each person.

New York-based IPG did not pay executives bonuses for 2002, the year the US Securities and Exchange Commission began investigating the company after it revised its earnings for the years 1996 to 2002 three times in four months.

IPG is expected to release a proxy statement this week that should give details about the bonuses.

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