FCB's Steve Blamer Scores $7 Million Golden Parachute

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And while we thought we had spies in all places, George Parker, once again, digs a little deeper into his network spies and finds Steve Blamer, who headed FCB for less than a year before it recently merged with Draft, scored a $7 million golden parachute. The deal was made between Blamer and IPG CEO Michael Roth earlier this week. Unsurprisingly, these exit deals occur all the time but it's always a bit annoying to see this level of payout when the money could, oh, fund a third world country for an entire year. Of course, our bitching about it just makes us look envious and morally bankrupt because, if we were in Blamer's shoes, we'd probably the $7 million with a giant smile on our face, hire someone else to run Adrants and go travel the world. So, lest we incur the wrath those who like to dish it out, we'll just shut up about the whole thing right now.

by Steve Hall    Jun- 2-06   Click to Comment   
Topic: Agencies   

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