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Sir Martin Sorrell's Pay Package Soars To GBP70m

Sir Martin Sorrell, the founder and chief executive of WPP, was awarded one of the largest pay cheques in British corporate history last night after he received a share package worth GBP62.8 million. In a statement, the group said that Sir Martin was cashing in GBP30.2 million immediately to discharge the “consequential tax liabilities.” Taking the WPP chief’s salary, pension payments and short-term bonuses into account, his total pay package for last year is likely to hit GBP70 million.

Read the whole story at The Times »

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