January 4, 1995 |
Maurice Saatchi, who with his brother built one of the largest advertising agencies in the world, on Tuesday walked out of his company vehemently protesting the new management. Saatchi was deposed as chairman of the British advertising empire last month. He was offered an executive position with a subsidiary and was given until Tuesday to accept it. He turned it down. Saatchi & Saatchi, established in 1970, was the hottest ad agency of the booming 1980s, serving an international clientele.
January 10, 1995 |
Saatchi & Saatchi suffered a major blow Monday as three top executives quit only a week after Maurice Saatchi was forced out as chairman of the giant advertising firm he co-founded. Saatchi & Saatchi, whose results have fallen in recent years, said it would have no problem replacing the departing executives and immediately named two new board members.
October 12, 1989 |
Charles and Maurice Saatchi, the brothers who created the world's biggest advertising agency and "sold" Prime Minister Margaret Thatcher to British voters, will step down as joint chief executives, the company said today. London-based Saatchi & Saatchi Co. PLC said Robert Louis-Dreyfus, 43, will take over as sole chief executive of the agency as of Jan. 1.
March 13, 1990 |
Saatchi and Saatchi Co. PLC today announced 30% salary cuts for founders Charles and Maurice Saatchi and several other steps designed to help turn around the troubled British advertising agency. Maurice Saatchi, who is chairman of Saatchi's board of directors, and, Charles Saatchi, a director, will see their annual salaries cut to about $699,000 from $1 million.
March 14, 1995 |
Saatchi & Saatchi Advertising, the agency thrown into turmoil by the stormy departure of co-founder Maurice Saatchi, on Monday named a former executive as its new chairman. Jennifer Laing, who spent 17 years at Saatchi & Saatchi before building up her own ad agency, Laing Henry, will take over the post left vacant when David Kershaw joined an exodus from Saatchi & Saatchi in January. Laing Henry is set to be sold for $1.