WPP shareholders vote against Sorrell pay
UPDATE: Shareholders at advertising giant WPP have voted against a stg£6.8 million remuneration package for the company's chief executive Martin Sorrell.
Shareholders at advertising giant WPP have voted against a stg£6.8 million remuneration package for the company's chief executive Martin Sorrell.
At the annual general meeting held in Dublin, where WPP is headquartered, 59.5 per cent of shareholders rejected the proposed executive pay packages.
Shareholders had been expected to challenge a planned 56 per cent increase in Sorrell's pay, despite a spirited defence from Sorrell published last week in the Financial Times newspaper, in which he...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine