Sir Martin Sorrell has defended his bumper pay package, arguing that he has put three decades of his life into building WPP from a maker of wire baskets into a £21bn global marketing business.
Across the waters Advertising Week Europe is underway. Unsurprisingly, chief exec of WPP, Sir Martin Sorrell, is in attendance. We weren't there, but this piece from The Guardian's Mark Sweney reports Sorrell has defended his large pay package, saying it's taken a lot of hard years and slogging to get the company to where it is now.
Sorrell, whose total remuneration is likely to hit £70m when full details are revealed in WPP’s annual report in the summer, is set to face a backlash from shareholders at the company’s annual meeting in June.
Sorrell began the company by taking a stake in Wire and Plastics Products in 1985 as a vehicle to deliver his ambition of creating a global advertising powerhouse.
Read the full article here.