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2005 Rating: 1 star

THE ESSENCE: Ugly is the word to describe the first half of 2005 for Y&R. Three of its largest clients exited (Computer Associates, Ford Motor Co.'s Jaguar North America, Sony Corp. ); the New York office shrank further; a multidisciplinary group ("Catalyst Team") of execs hired by Young & Rubicam Brands CEO Ann Fudge to reinvigorate the agency imploded; and by April, Ms. Fudge, hired in May 2003, said she'd give up running Y&R once a successor is found. However, things looked up slightly in the fourth quarter.

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