Why do I smell something particularly stinky in today’s announcement from Interpublic Group, which has experienced steady churn in its financial leadership during its years of accounting troubles, that its controller-chief accounting officer is departing the company. In a call with analysts, Chairman-CEO Michael Roth said Nick Cyprus, who was IPG’s highest-paid employee in 2004 when he was brought in from AT&T to help clean up the company's books, is leaving. Mr. Roth did not say why Mr. Cyprus is leaving or where he is going, and an Interpublic spokesman declined to comment. Oh dear… Something is definitely wrong here! Particularly as this follows on by a day or two the abysmal financial results I posted on yesterday…. All I can say is “Don’t buy stock in this particular piece of moldy cheese!
Alas poor Cyprus... I knew him well... Until he was Rothed!
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