Heraghty and McGrath apology to WPP
This unreserved apology is given by Anthony Heraghty and James McGrath to George Patterson Y&R Pty Ltd (GPYR), Y&R Brands, George Patterson Partners Pty Limited, The Communications Group Holdings Pty Limited and Hamish McLennan. It is given in relation to the agreements that Mr Heraghty and Mr McGrath entered into with the representative of a group of former shareholders in 2005 (agreements) and their conduct pursuant to the agreements.
Throughout 2005 and 2006 GPYR, and subsequently Y&R globally, made
offers of ongoing employment to us within the Y&R network.
Y&R CEO Hamish McLennan applied himself to making those opportunities available. We accept that Mr McLennan was not aware of the agreements at the time of proffering those opportunities, and that he did so on the basis that we would be staying with the business for the foreseeable future. The offers were made, and received, in good faith.
In retrospect, we could have taken steps to more clearly enunciate our intentions to Y&R and Mr McLennan.
We therefore extend our unreserved apologies accordingly.
Y&R CEO Hamish McLennan applied himself to making those opportunities available. We accept that Mr McLennan was not aware of the agreements at the time of proffering those opportunities, and that he did so on the basis that we would be staying with the business for the foreseeable future. The offers were made, and received, in good faith.
In retrospect, we could have taken steps to more clearly enunciate our intentions to Y&R and Mr McLennan.
We therefore extend our unreserved apologies accordingly.
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cool. can we have Foster's back now please?
And the bells are ringing out
For christmas day.
I forgive you lads. Let's have a group hug.
This ain't over yet fellas. Sir Martin's words. Stay tuned.
Aw isn't that nice.
See boys and girls?
We can be nice.
It's nice, isn't it.
Aint it grand how love always finds a way?
PS: 10.36, is that a deep and meaningful reference to the Pogues song? Like it, even if I don't quite get it. Though some of the preceding lyrics are probably closer to the real dialogue.