Veksner: The 37 richest people in advertising
June 2 2013, 11:15 pm | | 8 Comments
By Simon VeksnerBusiness Insider has just released its annual list of the 37 best-paid people in advertising.
There is only one woman on it (No.17 – Mercedes Erra, the ‘E’ in France’s BETC). Right, because science has proven that possession of two x chromosomes is a huge inhibitor of advertising ability. And all 37 executives on the list are white. Surely fair – advertising talent and skin pigmentation are clearly correlated.
8 Comments
$750k will get you on the list?
Mustn’t include Australia.
Agree with first comment. It is vox populi how much dough certain Aussie executives make and US$420k doesn’t sound like much compared to the figures some people in Australia are commanding. Wether they deserve it or not is another story….
Scampington, when I worked with Martin Sorrell he was indeed the finance guy at Saatchis.
The salaries start low and quickly balloon. Sorrell earns as much, if not more than the CEO of Goldman Sachs. Yet the 38th highest paid publicly listed adman is only on $740K. That’s a bit shit. Scary also how much their salaries deviate. Not sure how happy I’d be if my salary dropped a lazy 10 mill. Conclusion: if you want to earn loads of dough as an ad person, not a finance guy who could work in any industry, you need to:
1) run your own agency
or
2) run your own agency
Some ECDs break 750 in Aus. At least they did five years ago. Then consider what Belgo and Browny would earn – maybe 30k on paper, but easily up there in the top.
I smell tax breaks.
They seem to have half the people on that list.
This is a joke: They are only reporting the admin/corp holding company salaries – not the truly big salaries that exist – not just in Australia – If you look closely you’ll see “Omnicom under-reports who really makes the money in the company. It used to include agency chiefs such as BBDO CEO Andrew Robertson and TBWA Worldwide CEO Tom Carroll, who both earned nearly $9 million two years ago. But in 2012 the company stopped reporting those executives’ comp packages in favour of those earned by the corporate officers of its parent company.” And if it’s good enough for Omnicom, rest assured WPP, Publicis et. al. all doing the same thing….
…then he bought a little company called Wire and Plastic Products.