LAST CALL: Pink slippers might be green with envy

With payoffs like these, who needs layoffs? Philip Geier, former

CEO and chairman of Interpublic, resigned last December, and will

receive - in addition to dollars 12.1 million in salary in 2000 - a

whopping dollars 1.2 million a year for 15 years.

Not only does this golden parachute beat out the usual two weeks of pay

for PR's growing ranks of employees who leave their jobs via pink slip,

it is roughly equivalent to the yearly retainer for a top client.

So agencies already fighting to justify every paper clip purchase and

toner cartridge expenditure now have to bankroll a very pricey


Even the best PR flak would have trouble putting a positive spin on that


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