Another dinosaur (No, not the Microsoft one!) Is about to be put out to pasture with the news today that Interpublic Group co-chairman David Bell, the former holding company CEO who was replaced a year ago by Michael Roth, is retiring from his post, effective immediately. What always makes me wet my britches with these announcements is the company PR spiel… “Bell, who left IPG's board of directors in November, will continue to be available to the company as a part-time consultant for five years. He will also carry the title of chairman emeritus.” To which I have to ask why? IPG is sinking faster than the Titanic, so who would want to keep paying a hefty retainer to the guy who sat on top of this debacle? Of course, the only thing they could do to make the situation even more stupid would be to bring “Long Dong Dooner” back to steer the good ship “Christina O” through the shoals of impending financial disaster!
When I went to work for IPG, I decided baskets were safer that lifejackets!
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