WPP is confirming today that its Chief Executive, Sir Martin Sorell will take a major pay cut in the year ahead. The Guardian believes the move is to head off shareholder dissatisfaction with the
holding group having the most expensive executive at any FTSE100 company. The group confirms Sorrell was paid GBP20m last year but will now be paid a maximum salary of GBP15m.
Read the whole story at The Guardian »