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WPP Faces Revolt Over Sorrell's Pay

WPP faces a substantial pay revolt this week, with one of its largest investors set to issue a public reprimand to the advertising giant over boardroom bonuses. At Tuesday’s annual meeting investment giant Standard Life will take departing chairman Phil Lader to task over a £43m package for chief executive Sir Martin Sorrell. The rare public rebuke from Standard Life underlines the concern of many investors over Sorrell’s pay. Last year about 30% of WPP shareholders failed to back a £30m payout for him for 2013.

Read the whole story at The Sunday Times »

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