Sir Martin Sorrell receives £22.7m in shares payout
Sir Martin Sorrell, CEO of WPP, has received £22.7m in shares under the company’s long-term incentive plan, LEAP.
The news comes just over a week after WPP reported a revenue growth of 6.2 per cent to over £11bn.
The payment awarded to Sorrell relates to his performance from between 2009 and 2013, and comes following shareholder grumbles about the CEO’s pay in previous years.
Over the period from 2009 to 2013, shareholders in the business have seen total returns of about 230 per cent.
The group completed 62 deals, including 28 acquisitions and investments, over the period of 2013, with the Publicis and Omnicom merger set to be completed in the coming months.
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WPP plc is a British multinational communications, advertising, public relations, technology, and commerce holding company headquartered in London, England. It was...
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