Jun 18, 2007
OK, a parent company is a holding company that owns enough voting stock in another firm to control management and operations by influencing or electing its board of directors. In other words, it maximizes shareholder value. Still, what does it mean for an agency and, in turn, a client to be under a big top? To find out AGENCY CONFIDENTIAL brazenly elbowed its way into the executive offices of two men who should know: Nick Colucci, recently named president and CEO of Publicis Healthcare Communications Group, one of the largest healthcare groups in the world; and Scott Cotherman, CEO of Corbett Accel Healthcare Group, a parent company for eight business units and a member of the Omnicom Group.