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Ed Meyer in line for pounds 20m as Havas and WPP weigh up Grey.(Grey Global Group chairman and chief executive)(Brief Article)
Ed Meyer, the chairman and chief executive of Grey Global Group, as well as its controlling shareholder, could be in line for a pounds 19.5 million windfall if the company is sold.
Meyer would also be entitled to perks such as a staffed office, a car and a chauffeur, as well as a pounds 26.4 million pension.
However, the prospect of a huge pay-off for Meyer could prove a big influence on how much would-be bidders are prepared to fork out for Grey, which has a price tag of more than pounds 700 million. Meyer's share of the company is estimated at pounds 142 million.
Meyer would be owed compensation if he lost his job after a takeover.
He would also be entitled to receive pounds 57,000 every year for five years to cover expenses.
At present, ...
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