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Saatchi Saatchi Co Plc

BUSINESS
January 4, 1995 | WILLIAM TUOHY, TIMES STAFF WRITER
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.
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BUSINESS
November 5, 1991 | ANNE MICHAUD, SPECIAL TO THE TIMES
Cochrane Chase, Livingston & Co., a granddaddy of the Orange County advertising industry, is set to close its doors by the end of the year and dismiss its 33-person staff. The company has spawned at least seven local agencies--notably Salvati Montgomery Sakoda in Costa Mesa and Newport Beach-based Forsythe Marcelli Johnson Advertising--and has trained dozens of executives who went on to join prestigious firms here and in Los Angeles.
BUSINESS
January 11, 1991 | From Reuters
Britain's Saatchi & Saatchi, once the largest advertising agency in the world, unveiled plans Thursday to solve the huge debt problems that threaten its existence. The plans involve an injection of cash for working capital--to ensure financial stability--and a change in its share structure. Saatchi is suffering from falling revenue in a worldwide recession, while facing rising costs on debts of $950 million.
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