SIR MARTIN Sorrell saw his £17.6m pay package rubber-stamped by WPP shareholders yesterday, although he still suffered one of the FTSE 100’s biggest pay revolts of the year.
A fifth of votes tabled at the advertising giant’s annual meeting yesterday were against the company’s remuneration report, a subdued revolt compared to last year’s 60 per cent. Although the meeting was less heated than 2012’s, the vote will still come as an embarrassment, considering the effort WPP has made to get shareholders onside. After the meeting, Sir Martin and WPP chairman Philip Lader both insisted that pay is tied to performance.
Lader added that revenue growth had picked up in April, especially in the UK.
James Titcomb, Helena Ball