Sir Martin Sorrell pay increase opposed by 59.5% of shareholders
Almost 60% of shareholders have voted against the proposed pay rise for Sir Martin Sorrell, with Co-operative and Standard Life amongst those who opposed the increase.
While the figures will not be known until later, the estimate following the vote in the annual general meeting in Dublin today reveals that a large number of shareholders are not happy with the proposed 60% pay increase.
The reason for voting down the pay rise was that it exceeds the scale of returns enjoyed by investors.
This morning, WPP announced an increase of revenue to £33bn.
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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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