By John Glenday

WPP head Sir Martin Sorrell has seen off another revolt over his £30m pay and incentives package after 28 per cent of the advertising giants shareholders failed to support the ‘excessive’ pay policy.

The divisive annual meeting was dominated by the issue of remuneration with investors voicing concern at the huge sums of money being lavished on executive pay both now and in the future.

Removing abstentions from the equation fully 18 per cent outright opposed the £29.8m pay deal for Sorrell last year that made him the best-paid executive in the FTSE 100.

Opposition was also mounted against future remuneration policy with Read full story ›

Source: The Drum