relies too much on references to primary sources . please improve this by adding secondary or tertiary sources . march 2007 learn how and when to remove this template message interpublic group of companies type public traded as nyse ipg industry advertising agency predecessor mccann erickson inc. founded 1930 ; 86 years ago 1930 as mccann erickson 1961 1961 as interpublic group headquarters 100 w 33rd st new york ny 10001 key people michael i. roth chairman ceo & president 1 revenue us 7 613.8 million 2015 2 us 7 537.1 million 2014 2 net income us 480.5 million 2015 2 us 505.4 million 2014 2 total assets us 12 585.1 million 2015 2 us 12 736.6 million 2014 2 total equity us 2 001.8 million 2015 2 us 2 151.2 million 2014 2 number of employees 49 700 3 as of april 2016 update website www.interpublic.com the interpublic group of companies inc. ipg is a publicly traded advertising company . the company consists of three major networks mccann worldgroup lowe and partners and fcb . its media agencies are bundled under the ipg mediabrands entity . it also owns a number of specialty agencies including public relations sports marketing talent representation and healthcare . 4 michael roth is the current ceo . 1 contents 1 history 2 companies 3 references 4 external links history edit this section contains information of unclear or questionable importance or relevance to the article s subject matter . please help improve this article by clarifying or removing superfluous information . may 2016 ipg was founded as mccann erickson in september 1930 . in january 1961 it was renamed interpublic group and created the first marketing services management holding company with mccann erickson as a subsidiary . 5 in 2002 ipg suffered a precipitous drop in its stock price and reputation in an accounting scandal . in that year interpublic was alleged in violation of the securities exchange act over misrepresentation and artificially inflating its earnings . 6 as of november 18 2008 taking into account stock splits ipg s stock has sold at approximately the same price it was on november 18 1987 . 7 on august 13 2002 the interpublic group of companies announced to restate financial statements due to uncertain economic environment and imbalances in certain accounts containing inter company activity and related balance sheet items that warranted further scrutiny . relevant discuss 8 on november 13 the final amount of the restatement was reported to be 181.3 million which reduced previously reported pre tax income substantially all of which is related to periods 2001 and prior reporting periods . relevant discuss 9 on march 6 2003 ipg restated the third quarter of 2002 after identifying 135.8 million of pre tax charges relating to asset impairments and other operating expenses at octagon motor sports . relevant discuss 10 on september 15 2005 ipg announced to restate earnings for fiscal 2000 through 2004 due to problems in accounting for revenue acquisitions and lease expenses . the company also fired some employees in its investigation of accounting errors and potential misconduct . relevant discuss 11 on march 22 2006 ipg s financial review process resulted in restatement of 2005 interim periods and the recording of immaterial out of period adjustments to fourth quarter 2005 financial results . relevant discuss 12 interpublic working to simplify its structure after its overload of deals in the 1990s and 2000s did not complete any acquisitions in 2005 and 2006 . citation needed it disposed of 51 businesses in 2005 and 2006 primarily outside the u.s. ; interpublic said it exited 23 loss making international affiliates in 2006 . 13 interpublic in april 2007 announced it agreed to buy reprise media a search engine marketing firm . citation needed in july of that same year fcb ulka advertising private limited a subsidiary of ipg was renamed draftfcb ulka advertising pvt. ltd. 14 companies edit as of july 2016 15 avrett free ginsberg campbell ewald cassidy & associates deutsch inc. fcb new name of draftfcb a merger of draft worldwide and foote cone & belding worldwide golin hill holliday huge jack morton worldwide the martin agency mccann mullenlowe profero octagon worldwide r ga rogers & cowan tierney communications tm advertising universal mccann uxus weber shandwick references edit a b executive profile michael isor roth . bloomberg business . june 15 2015 . a b c d e f g h interpublic group of companies inc 2015 annual report form 10 k xbrl . united states securities and exchange commission . february 22 2016 . ipg . about ipg . interpublic.com . agency family trees 2013 interpublic group ipg . retrieved aug 16 2013 . ipg company profile . wall street journal . retrieved 2016 05 09 . abbey gardy llp announces class action lawsuit against the interpublic group of companies inc. and certain of its officers and directors ipg . september 2 2002 . retrieved jul 18 2013 . yahoo finance charts . finance.yahoo.com . retrieved 2013 06 14 . the interpublic group of companies inc. expects to restate financial statements . interpublic earnings restatement finalized at 181.3 million . . interpublic reports fourth quarter 2002 results . interpublic to restate 2000 2004 profit . interpublic announces fourth quarter and full year 2005 results . johnson bradley 26 april 2007 . no. 3 interpublic group of cos. . adage . retrieved 24 november 2015 . company overview of draftfcb ulka advertising pvt. ltd. . bloomberg businessweek . retrieved 2013 12 05 . list of ipg agencies external links edit official website v t e interpublic group of companies campbell mithun cassidy & associates fcb golin harris international gotham hill holliday huge ipg mediabrands universal mccann jack morton worldwide jay advertising mccann worldgroup mccann erickson mrm worldwide mullen advertising octagon r ga rogers & cowan the martin agency tm advertising weber shandwick retrieved from https en.wikipedia.org w index.php title interpublic group of companies & oldid 744201738 categories companies established in 1960advertising agencies of the united statescompanies based in new york citycompanies listed on the new york stock exchangeinterpublic groupholding companies of the united stateshidden categories articles lacking reliable references from march 2007all articles lacking reliable referencesarticles containing potentially dated statements from april 2016all articles containing potentially dated statementswikipedia articles that may have off topic sectionsall articles with unsourced statementsarticles with unsourced statements from may 2016 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutschfran aisrom n suomi edit links this page was last modified on 13 october 2016 at 19 03 . text is available under the creative commons attribution sharealike license ; 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