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The Big Publicis-Omnicom Merger Could Be On The Rocks [THE BRIEF]

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Omnicom and Publicis leaders John Wren and Maurice Levy

Good morning, AdLand. Here's what you need to know today:

It seems there's trouble in paradise as Publicis and Omnicom appear to be squabbling over power in advance of their merger, which would create the world's largest advertising services holding company. According to a report from The Wall Street Journal, the two companies have not figured out which will legally acquire the other. The report also says they are battling over who will fill certain high-level positions, most notably that of finance chief. Omnicom is backing its chief financial officer, Randall Weisenburger, while Publicis is pulling for its own CFO, Jean-Michel Etienne. In addition, the two companies are still working to establish U.K. tax residency, and Omnicom CEO John Wren says there's no "Plan B" if they fail to do so.

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