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26 Months of John Dooner Reprised

A Chronology of AdAge.com News Stories

Published on .

NEW YORK (AdAge.com) -- On Dec. 15, 2000, when he stepped down and handed the CEO chair to John Dooner, then-Interpublic Group of Cos.' chief, Philip Geier, ebulliently announced: "I feel confident that I am leaving our employees, clients and shareholders in great hands."

Last week, Mr. Dooner himself stepped down as CEO and headed back to take a position with the individual agency network from which he came.

Below are AdAge.com news stories that track the 26-month chronology of events at the advertising holding company during Mr. Dooner's controversial tenure as chairman-CEO.

What Sank John Dooner
Lack of Experience and Financial Naivete, Say Analysts

David Bell Named Interpublic Chief
John Dooner Steps Down, Will Return to Head McCann-Erickson WorldGroup

John Dooner Expected to Be Out as Interpublic CEO
Fate to Be Decided at Board Meeting Tomorrow

Interpublic Stock Hits 10-Year Low
Analysts Say New Credit Agreement Less Harsh Than Expected

Embattled Interpublic Reaches Terms With Creditors
Pending Sale of NFO Would Help Pay Down $2.9 Billion Debt Load

Lawsuit Alleges 'Accounting Manipulations' at Interpublic
Current and Former Top Executives Named as Defendants

SEC Launches Formal Probe of IPG Accounting
Focus Includes Five Years of Earnings Statements

IPG Puts NFO WorldGroup on the Block
Hires Goldman Sachs to 'Explore Strategic Alternatives'

Former True North Shareholders Sue Interpublic
Allege They Were Misled on Financial Details

Status of Some IPG Debt Reduced to Junk
Further Rating Downgrade Possible

Interpublic Names Chief Risk Officer
Thomas Dowling to Report to CFO, Board on Financial Matters

Assigning Blame for the Interpublic Mess
And Guessing Which Executives Will Get the Axe Before It's Over

Interpublic Reports SEC Inquiry
Feds Begin 'Informal' Action; CEO Says He Is 'Embarrassed'

Analysts Lose Faith as Interpublic Stock Tumbles
Shares Drop 30% Following $120 Million Earnings Restatement

Interpublic Slashes Profit Forecast
Nearly Doubles Earnings Restatement to $120 Million

Interpublic to Restate Five Years of Earnings
Discloses $68.5 Million in Improperly Expensed Charges

Four Asked to Leave Interpublic's Board
New Plan Calls for 'Independent, Outside Directors'

Interpublic, WPP Win Big in Coke Shakeup
Berlin Cameron, Wieden Only Independent Shops on Roster

Interpublic Loses PepsiCo Brands to Omnicom
Gatorade, Tropicana Among Accounts Worth $350 Million

Interpublic Slashes 3,500 Jobs
To Close 75 Facilities; Lowers Earnings Target

Interpublic Unveils New Structure
Dooner Says Dramatic Reorganization is 'Just the Beginning'

Does Interpublic's True North Deal Make Sense?
Analysts Express Reservations About $2.1 Billion Deal

The Making of a Mega-Deal
Inside the True North Acquisition With John Dooner

Impact of the True North Acquisition
A Closer Look at The Numbers

Interpublic to Acquire True North
Move Makes IPG Largest Ad Agency Holding Company

Geier Steps Down as IPG Chairman-CEO
Says Company 'In Great Hands' With New CEO John Dooner

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