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Sorrell Faces WPP Shareholder Rebellion Over Pay.... Again

WPP Chief Executive faces another shareholder rebellion over his remuneration package. Pirc, an influential shareholder advisory group, has called for a vote on Sorrell's pay at its AGM later this month. The focus for concern is a long-term incentive scheme that was altered last year but is still too generous, according to Pirc. The group said: "Analysis by Pirc leads us to conclude that it is excessive and dividends continue to accrue over the performance period (five years) on the number of shares that vest."

Read the whole story at The Daily Telegraph »

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