Over a third of WPP shareholders refuse to back Sir Martin Sorrell's £70m wage
Over one third of WPP shareholders have failed to back Sir Martin Sorrell’s controversial £70m pay package at the network’s annual general meeting today (8 June).
While it was anticipated that the bumper pay deal would court revolt among investors at the event, over 33.5 per cent (excluding abstentions) have failed to back the salary – an uptick on the 22 per cent who voted against a similar deal last year which saw Sorrell pocket £43m.
Estimates of Sorrell’s take home wage for 2015 first emerged in March when the leader collected a share award of £62.78m, which when coupled Read full story ›
Source: The Drum
