Edward H. Meyer is the former President, Chairman, and CEO of Grey Global Group, a position he held for nearly four decades.
Meyer joined Grey in 1956 and was President and CEO by 1970, from then until 2003, revenues soared by a factor of 40 from $29.5 million to $1.3 billion. Billings rose by a factor of 30 from $250 million to more than $8 billion, and the stock sky-rocketed from $5 to more than $450 per share (Meyer was believed to own over 30 percent of it).
Grey remained the last remaining top-10 independent advertising agency until its acquisition by WPP Group in 2005 for $1.6 billion. Meyer retired in 2006, but maintains membership on numerous public company boards. He is a central figure of New York philanthropy, and serves as a Trustee of the New York University Medical Center, as Treasurer of the Guggenheim Museum and on the board of the Film Society of Lincoln Center.
Meyers is rumored to be one of the likely nominees for Yahooâ€™s new board of directors proposed by Microsoft.
- 04/29/08 -techcrunch.com
- 03/13/08 -techcrunch.com