With the expectation that Commonwealth is rapidly approaching the
rocks and most, if not all the Chevy work will shift from GS+P to McCann,
everyone at Interpublic must be wetting themselves in joyful anticipation, particularly
as Draft/FCB continues to implode… Everyone, that is except Michael Roth! Why
so? Jim Edwards over at BusinessInsider, who
has a very interesting piece about the continuing rumors of Interpublic
being a takeover target, explains that even though IPG’s financials are totally
fucked, the share price continues to rise. So, why should Roth not be happy
about this? As Edwards points out… The “Insurance King” will receive $34 million if IPG undergoes a change of control, according to IPG's SEC filings. In other words, he has a huge
fucking incentive to sell the company. Roth would get paid millions more for
selling than for doing anything else, such as continuing to run the company or
retiring without a buyout. And who would buy? The Poisoned Dwarf's WPP would have massive conflicts,
particularly with auto accounts. My money’s on Publicis. "Le Patron" Levy would
love to get his Gallic hands on it and leapfrog over WPP to stick a merde coated finger in
Sir Martin’s eye as became boss of the world’s Biggest, Dumbest Holding Company.
At least he's not Cockney!