Tokyo-based advertising giant Dentsu has acknowledged that it overcharged more than 100 clients after it conducted a month-long investigation into its own financial records.
The erotice movie like loveprobe turned up at total of 633 business transactions that warranted suspicion -- worth about $2.3 million overall.
SEE ALSO: Why American ad agencies are being accused of having secret agendasIn some cases, its agency properties charged fees for ads that were never placed. There were also instances in which a campaign's performance was exaggerated in order to hike up the price.
It's not clear which of Dentsu's clients were affected, but the holding company said in a statement that it had contacted and apologized to each of them. It also vowed to refund the sum in full.
Most of the dubious dealings -- which the company refers to as "inappropriate operations" -- centered on Dentsu's digital ads business.
The company is responding by setting up a separate group to bring more independent oversight to the process.
"In order to ensure that human errors or inappropriate operations in digital advertising will be prevented and detected, in early September we transferred operations to verify the specifics of advertising placements, publications and billing to a separate section which is independent from the section previously responsible for such operations," a spokesperson said in a statement.
Dentsu said it found no evidence that its overall business performance was affected by the irregularities.
The company launched its investigation in mid-August, not long after America's biggest advertiser trade group, the Association of National Advertisers, published a study accusing U.S. ad agencies of using secret business arrangements like "rebates" to sweeten deals without clients' knowledge.
While American ad execs have sworn off such dealings, surveys show these arrangements are common practice in other parts of the world, including Japan and China, which boasts the highest level of rebates.
A report from an international brand trade group, the World Federation of Advertisers, found the Chinese and Japanese ad markets to have some of the lowest levels of transparency in the world.
The ANA's report also highlighted the many conflicts of interests that have arisen as the global advertising industry has consolidated into just a handful of holding companies.
Dentsu, which owns a mix of media properties, media buying agencies, media wholesalers and creative outfits at every level of the advertising assembly line, is much more prone to these entanglements.
"[It's] not a set-up which lends itself well to transparency," the WFA's researchers wrote in its 2014 report.
The inefficiency these incentives may create always comes at the expense of the clients, who ultimately foot the bill.
The admission came after an Australian ad trade began reporting on over-billing at Toyota, one of Dentsu's biggest clients. Japanese media soon picked up the story, causing Dentsu's stock to dip, and the holding company was forced into a mea culpa.
"We sincerely apologize to our esteemed advertisers, the parties concerned and our shareholders from the bottom of our hearts for causing concern and trouble," a Dentsu spokesperson wrote.
The company said Friday's release included just its preliminary findings; it plans to continue the investigation in months to come.
Kristin Dombek’s “Letter from Williamsburg” by Lorin SteinHow to Prepare for the Past by Brian CullmanCrystallized Books, and Other News'Quordle' today: See each 'Quordle' answer and hints for July 4What We’re Loving: PsychoTwitter will soon restrict TweetDeck to paying Blue subscribers only'The Witcher' Season 3's ball costumes are packed with hidden cluesThis Overdue Library Book Wins, and Other News by Sadie SteinHBO's 'Insecure' is streaming on NetflixGrrrl, Collected by Lisa DarmsThe California Room by Jessie KissingerHow to Prepare for the Past by Brian CullmanFind out why these TVs are such great valueApple's new 'Time to Walk' feature officially lands on Fitness+Archie Revisited by Sadie SteinApple is working on turning AirPods Pro into a hearing aid, report saysJ. K. Rowling’s Party is Over, and Other News by Sadie Stein'The Idol' finale: The 10 most WTF scenesCrochet TikTok is the cutest place on the internet in 2021'The Idol' finale: The 10 most WTF scenes In audit update, Facebook says it has suspended 200 Twitch streams 48 Ravenous black hole eats up the mass of our sun every two days Robert Downey Jr. will host a YouTube series about A.I. Facebook's 'People You May Know' feature is creepy as hell Since the launch of Amazon's Alexa, the name has become less popular For cryptocurrency to go mainstream, it needs tools like these Emilia Clarke says she was always paid equally on 'Game of Thrones' This 'Friends' theory about why Ross and Monica had to be related is sort of mind Harrison Ford crashed an interview with new Han Solo Alden Ehrenreich Senior class pulls off a truly awesome senior prank Man slowly tumbles into river in undeniably hilarious footage 'Deadpool 2' tries to have it both ways: Review The stigma against oatmeal raisin cookies must end A disappearing lake in Australia draws hikers after heavy rainfall Yanny or Laurel? According to Google, it's Laurel. Facebook updates Stories to complete its Snapchat domination Author of the super Why researchers think Hawaii's Kilauea volcano could erupt explosively OnePlus 6 photos, specs, and price leak early
2.6287s , 8286.1484375 kb
Copyright © 2025 Powered by 【erotice movie like love】,Charm Information Network