ipg in danger of bankruptcy

So, here I am just poking around the internet as you do on a typical workday afternoon when I happen upon a Yahoo article about flailing companies…and what relevant-to-this-blog company do I find on that list?

Michael Rawth’s Interpublic Group.

IPG sits tenth on the list of companies deemed by Yahoo, using a very simple (to a fault among anyone more serious about economics than an ad blogger) formula that determines perceived bankruptcy risk among companies with a market cap over $3 billion.

Says Yahoo, “As one of the largest advertising and marketing companies in the world, IPG was slammed by the global recession…revenues have fallen double digits and the company’s exposure to General Motors as its largest client hasn’t helped.”

Luckily, I don’t think that anyone at an IPG agency expected a Christmas bonus anyway…


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s