WPP Boss Sir Martin Sorrell Breaks His Silence On Misconduct Allegation

WPP Boss Sir Martin Sorrell Breaks His Silence On Misconduct Allegation
SHARE
THIS



WPP chief executive Sir Martin Sorrell has hit back at the allegation that he misused company funds.

A statement issued by WPP revealed the company has appointed “independent counsel to conduct an investigation in response to an allegation of personal misconduct” against Sorrell.

“The investigation is ongoing. The allegations do not involve amounts which are material to WPP,” the statement said.

The Wall Street Journal first reported the allegations against Sorrell. It also reported that WPP’s board was also examining whether he misused company assets.

However, WPP’s chief has rejected the allegation of financial impropriety against him.

“This allegation is being investigated by a law firm. I reject the allegation unreservedly, but recognise that the company has to investigate it. I understand that this process will be completed shortly,” he said in a statement to AdAge.

“Obviously, I shall play no part in the management of the investigation under way.

“As a significant share owner, my commitment to the company, which I founded over 30 years ago, remains absolute – to our people, our clients, our shareholders and all of our many stakeholders. I do not intend to make any further statement at this time.”

Please login with linkedin to comment

martin sorrell sir martin sorrell WPP

Latest News

Netflix Questions Potential Australian Content Requirements
  • Media

Netflix Questions Potential Australian Content Requirements

Streaming giant Netflix has questioned the feasibility of local content requirements in its submission to the government’s ‘Supporting Australian Stories on Our Screens’ options paper review. The review follows the ACCC’s Digital Platforms Inquiry, from which the government identified existing Australian content obligations as a topic of interest in the development of a platform-neutral regulatory […]

by B&T Magazine

B&T Magazine
Clems Sydney Brings Back D-D-Demazin
  • Campaigns

Clems Sydney Brings Back D-D-Demazin

Can't afford Celeste Barber for your next campaign? Why not hire a Celeste Barber clone like this ad has clearly done.

Baskin-Robbins Australia Awarded For Stranger Things Campaign
  • Media

Baskin-Robbins Australia Awarded For Stranger Things Campaign

A brave move has paid dividends for Baskin-Robbins Australia who recently announced they won the award for Best Digital Initiative at last week’s QSR Media Awards. Baskin-Robbins Australia’s Master Licensee, Palm Oasis Ventures took a risk in launching a digital winter campaign targeting a new millennial and Gen Z demographic when it partnered with Netflix to launch season 3 of the streaming giant’s most popular show, the sci-fi horror series, Stranger Things.

TikTok Turns On Trump (Again)
  • Media

TikTok Turns On Trump (Again)

TikTok has turned on Trump once again. As yet, no one brave enough to speculate it's the work of the Chinese government.

SAN FRANCISCO, CA JULY 1, 2018: Entrance to Adobe San Francisco office location in historic Baker and Hamilton warehouse
  • Media

Convert Digital Awarded Adobe’s Magento Gold Status

Leading eCommerce website development agency, Convert Digital, has achieved the coveted Magento Gold Status from Adobe. This accomplishment has been reached following the agency’s continuing work with the Magento 2 platform - platform that is incredibly robust and offers unrivalled flexibility and scalability.