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WPP's Sorrell Survives Pay Vote - But One In Four Shareholders Revolt

A quarter of shareholders rallied against WPP Chief Executive Sir Martin Sorrell's GBP30m pay packet -- the largest of any FTSE 100 leader. However, the day was already won by Sorrell due to proxy votes cast by shareholders in advance. It avoided a repeat of a 2012 vote that went against Sorrell, forcing WPP to bring in a new formula of pay and bonuses for its top executives. The company revealed that he UK is performing well, with only a concern that a strong pound could hold back international operations.

Read the whole story at The Daily Telegraph »

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