16 March - 24 April 2020

Our online festival is underway with a packed programme of interviews and panels. Featuring talks from the industry’s biggest brands and most innovative individuals, this event explores what digital transformation really means for marketing.

16 Mar 10:00 GMT / 06:00 EST

The Drum Digital Transformation Festival launch

Gordon Young
Editor-in-chief at The Drum

Sir Martin Sorrell receives bumper £2.13m share pay out from WPP

Sir Martin Sorrell receives bumper £2.13m pay out from WPP

Sir Martin Sorrell has received £2.13m worth of WPP shares through the advertising network's gritted teeth, one year on from his dramatic resignation from the company he founded.

Calculated as part of WPP’s long-term executive performance share plan, former chief executive Sorrell will receive 250,000 shares, plus dividends, a sizable sum in light of previous threats by WPP to cut off Sorrell entirely from future share awards.

WPP made the suggestion during a heated contest between Sorrell and WPP to wrest control of Dutch firm MediaMonks, with that battle ultimately being won by Sorrell’s S4 Capital. Since that time WPP has not pursued any further claims on Sir Martin’s bonus.

Sorrell retains a 1.4% stake in WPP, worth an estimated £150m despite a recent downturn.

Sorrell is no stranger to bumper WPP pay packets having regularly stoked the ire of shareholders over his hefty remuneration prior to his departure.

Join us, it's free.

Become a member to get access to:

  • Exclusive Content
  • Daily and specialised newsletters
  • Research and analysis

Join us, it’s free.

Want to read this article and others just like it? All you need to do is become a member of The Drum. Basic membership is quick, free and you will be able to receive daily news updates.