Business Services Industry

Communications breakdown.

Australasian Business Intelligence, June, 2002

ABIX via COMTEX) -- Omnicom is yet another US company that is being investigated by the Securities and Exchange Commission. The company is the world's third-biggest advertising group. It was asked to explain the reasons for a sudden resignation of Robert Callander, who was Omnicom's board member for ten years. The investigation follows an article published in the "Wall Street Journal" in which Omnicom was accused of using the practice of aggressive accounting. Nervous investors reacted quickly and Omnicom's share price has promptly fallen by around 30 per cent.

Publication Date: 22 June 2002

OMNICOM GROUP: UNITED STATES. SECURITIES AND

EXCHANGE COMMISSION

All copyright subsisting under the Copyright Act 1968 (Commonwealth) resides...

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works. HighBeam Research

 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)

advertisement
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement
Click Here