Word: thompson
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Dates: during 1960-1969
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Where other agencies shuffle vice presidents between martinis, Thompson takes pride in its longtimers. But last week Thompson was gently nudging some old hands toward the door...
...major management realignment, Thompson's grand old man, Stanley Burnet Resor, 81, who spent 44 of his 53 years with the agency as president and chief executive officer, was finally retired as board chairman. By virtue of a decision to leave the chairman's spot vacant, the vice-chairmanships of two of Resor's top hands were also eliminated: Samuel Meek, 66, who has run Thompson's international operation for 36 years, and Henry C. Flower Jr., 64, a 33-year Thompson veteran. Both Flower and Meek will continue with the agency as directors and members...
Since he was jumped over 84 other vice presidents to become Thompson's president in 1955, Strouse has slowly been building a younger management team to take over from Resor, Resor's wife Helen and their aging right-hand men. Two years ago the Resors were prevailed upon to sell their 51% holdings of Thompson's voting stock to the agency's profit-sharing trust fund. "They are both older now," says Strouse, "and it was decided that for the best interest of the company, the stock should be sold so that it would...
...still came to his office, was inhibiting to Strouse and his management group. At last January's board meeting, Resor's name was not on the slate; he continued as chairman only until the first meeting of the new directors. With Stanley Resor finally departed, Thompson is firmly under the control of Strouse, who is more of an administrator than a man who conceives grand programs and coins remarkable slogans...
...domestic and overseas billings: Thompson, $370 million: Interpublic, Inc. (the parent corporation of McCann-Erickson), $352 million; Young & Rubicam, $247 million; B.B.D.O., $243,700,000; Dentsu Advertising of Japan, $148,500,000; Ted Bates, $130,500,000; Foote, Cone & Belding, $120 million; Leo Burnett, $116,700,000; Benton & Bowles, $114 million; N. W. Ayer, $110 million. Biggest agency in domestic billings is Interpublic, with a combined billing of $259 million from McCann-Erickson, Canada's McCann-Erickson subsidiary and McCann-Marschalk, an independent subsidiary. Runner-up is Thompson, with $250 million in U.S. and Canadian billings...