Once again, Interpublic announces pathetic quarterly numbers. Last time, it was blamed on “Costs associated with new business efforts and softness in continental Europe.” This time they report pathetic growth of just 1.8% “Thanks to financial management, rather than the performance of its advertising services units.” What this means in real language rather than financial pie-holery, is… In spite of all that money we pissed away last quarter chasing accounts we had no fucking chance of winning. This quarter we have reverted to our time honored method of improving the bottom line… We are laying off people. Obviously not senior management, ‘cos this is the ad biz, and the buck does not stop at the top, it never even fucking gets there. No doubt, Michael “I Know Insurance” Roth will award himself yet another “Performance” bonus as he hangs in there waiting for his $35 million golden parachute when Interpublic gets acquired by lunatics.
The "Douchenozzle du Jour" award goes to Michael!