In early February 1968, Marion Harper Jr. resigned as a director, officer and employee of Interpublic Group. In so doing, he severed all links to the advertising-communications holding company he built into a $700 million global empire beginning in 1961. Mr. Harper was toppled by mounting debts that triggered a top-level rebellion in November 1967.
New President-CEO*Robert Healy set out to cut costs by at least $6 million and raise new capital. Interpublic morale lifted perceptibly with word of the departure of Mr. Harper, the innovator who established the agency holding company concept, grouping competing ad agencies and specialty marketing shops