By Stephen Foster on March 11, 2013
This one is becoming a hardy perennial – according to the Sunday Times WPP investors are (once again) revolting over CEO Sir Martin Sorrell’s pay package. Last year SMS trousered about £13m in salary (£1.3m), bonus and shares (about £5.6m), leading to opposition from a majority of shareholders. WPP chairman Phil Lader, a former US [...]
Posted in Agencies, Finance, News | Tagged John Wren, omnicom, pay row, shareholder revolt, Sir Martin Sorrell, WPP, £13m package
By Stephen Foster on June 21, 2012
Well he is the boss of a French company and speaks good French, although Havas CEO David Jones (left) was chatting to Campaign in English when he remarked that WPP would collapse on its nose if and when CEO Sir Martin Sorrell departs. Sorrell, of course, has been under fire from WPP shareholders over his [...]
Posted in Agencies, Clients, Finance, News | Tagged akqa, cannes, david jones, havas, JWT, shareholder revolt, Sir Martin Sorrell, Vincent Bollore
By Stephen Foster on June 12, 2012
So it’s the eagerly-awaited gunfight at the Four Seasons Hotel in Dublin tomorrow, hardly Dodge City but the leafy Ballsbridge suburb in the Irish capital has probably also seen a few disagreements in its time. And at 12pm WPP founder and CEO Sir Martin Sorrell will confront his revolting shareholders at WPP’s AGM, unless chairman [...]
Posted in Agencies, Finance, News | Tagged agm, Bob Dudley, BP, dublin, four seasons hotel, John O'Keefe, Phil Lader, shareholder revolt, Sir Martin Sorrell, WPP, £13m pay deal
By Stephen Foster on May 30, 2012
More than 50 per cent of WPP shareholders are likely to vote against boss Sir Martin Sorrell’s recent pay package according to a report in the Financial Times. Advisory group Institutional Shareholders Services (ISS) says it’s advising its client to vote against Sorrell’s £13m package (about half of which is a ‘new’ deal) and other [...]
Posted in Agencies, Clients, Finance, News | Tagged bank of america, coors, dublin agm, iss, Jeffrey Rosen, John Wren, Maurice Levy, Michael Roth, news corporation, pay package, remuneration committee, shareholder revolt, shareholder spring, Sir Martin Sorrell, team wpp, Vodafone, WPP
By Stephen Foster on October 11, 2011
US shareholders in Rupert Murdoch’s News Corporation are trying to gang up on Rupert Murdoch, his family and assorted cronies in an assault that, if even partly successful, will surely bring forward the day when the company’s newspapers, source of its current grief, are sold. The ISS investor advisory group has joined the clamour against [...]
Posted in Finance, Media, News | Tagged Chase Carey, iss, James Murdoch, Joel Klein, Lachlan Murdoch, news corporation, news of the world, phone hacking scandal, Rupert Murdoch, shareholder revolt, Sir Rod Eddington, Sun, Sunday Times, Times
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