NEWS8 June 2017

Sorrell’s pay rejected by a fifth of WPP investors

Financials News People UK

UK – Excessive chief executive pay packages have drawn increasing attention in recent years and WPP’s Sir Martin Sorrell has been one of the most talked about.

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At yesterday’s WPP AGM in London, 21% of shareholders either voted against or abstained in the vote over this £48m pay package. Among those shareholders voicing concern were Hermes Investment Management and the Local Authority Pension Fund Forum.

Last year his £72m pay package – one of the biggest in UK companies – was opposed by a third of shareholders.

The 2016 package was the final one under a five year plan involving a long-term incentive scheme, Leap

@RESEARCH LIVE

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