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Young & Rubicam Refuses to Let Carter Murray Out of His Contract

April 8, 2013

Four weeks after Carter Murray took the Draftfcb CEO job, he’s still walking the halls of Young & Rubicam, and it could be September before he joins his new agency.

Why? Because Y&R parent company WPP Group is holding him to the six-month notice period in his contract—at least for now, according to sources.

Historically, notice periods were designed to give an agency losing an executive time to find a successor. Also, a cooling-off period between jobs, in theory, keeps an outgoing exec from using client business information in his new post. In Murray’s case, however, Y&R has already filled his North American CEO rol

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