Recent comments by BCom3 Group CEO Roger Haupt have raised doubts among some employees about the timetable for the company's initial public offering, Crain's Chicago Business
reports Oct 9. In March, Mr. Haupt said BCom3, the parent of Leo Burnett
Co., would go public ''probably within 12 to 18 months,'' or by September 2001. But some who heard Mr. Haupt address a meeting of 150 Burnett employee-shareholders late last month came away with the impression the IPO timetable might be pushed back. ''I really, clearly picked up that what he was saying is 'Don't be surprised if it doesn't happen by then,' '' said a company spokeswoman who attended the meeting. Another executive said, ''It has been announced internally that the earliest the IPO will go out is the end of 2001.'' Mr. Haupt the week of Oct. 2 said his comments were misconstrued and insisted the IPO timetable hasn't changed.
Copyright October 2000, Crain Communications Inc.