WPP shareholders revolt against Sir Martin Sorrell’s £43m pay (but not as many as last year) June 9, 2015 More than a fifth of WPP shareholders have refused to back Sir Martin Sorrell's £43m pay package – but that is less than this time last year. At today's AGM 19.5 per cent of investors in the marketing and advertising giant voted against Sorrell's pay, while 2.7 per cent absented. While that means [...]
WPP gets stake in Turkish digital media firm Wanda as lira takes a fall June 8, 2015 Advertising giant WPP’s subsidiary firm J Walter Thompson has acquired a minority stake in Turkish digital agency Wanda Digital. The move comes at a fraught time in the Turkish domestic market. Yesterday the Turkish lira fell five per cent to an all time low against the US dollar, on the back of the country’s [...]
How long would it take you to earn WPP boss Martin Sorrell’s annual pay? June 8, 2015 The FTSE's best-paid boss will this week come face-to-face with shareholders over the size of his pay packet. Sir Martin Sorrell, the chief of advertising group WPP, is pocketing a hefty – and some may say excessive – £43m. It's a 44 per cent rise on how much he took home the previous year, and [...]
WPP shareholder Guy Jubb set to confront advertiser over boardroom pay practices as Martin Sorrell pockets £43m June 7, 2015 One of WPP’s top shareholders is set to confront the advertising giant at its annual general meeting this week over chief executive Sir Martin Sorrell’s £43m pay package. Standard Life’s head of governance and stewardship Guy Jubb is understood to be travelling from Edinburgh to WPP’s meeting in London tomorrow to address outgoing chairman Phil [...]
WPP braced for new revolt over Martin Sorrell’s £43m May 31, 2015 Controversy over WPP chief executive Sir Martin Sorrell’s remuneration has erupted once more, after two leading proxy advisory groups raised concerns over the £43m pay package he received last year. The size of Sorrell’s payout has remained a sticking point for many investors, despite the advertising giant introducing a new policy in 2013 and abandoning [...]
These are the most valuable brands in the world: Apple, Google, Microsft and IBM dominate in BrandZ 2015 ranking as tech triumphs May 27, 2015 Apple has overtaken Google as the most valuable brand in the world, reassuming the top spot in an annual ranking in which technology dominates. The value of the Apple brand grew 67 per cent, with an estimated worth of more than $245bn. The stellar performance of Apple over the past year pushed Google into second [...]
WPP buys stake in Ascot and Liverpool FC sports marketers Two Circles May 19, 2015 WPP has gained a majority stake in Two Circles Limited, a London-based, data-driven sports marketing agency. After the deal, Two Circles will become part of ESP Properties, GroupM’s newly launched company serving rightsholders in the worlds of sports and entertainment. Founded in 2011, Two Circles has become the market leader for a data-driven approach to [...]
Tesco’s Dunnhumby could fetch over £2bn as new suitors Nielsen and WPP mull bid May 11, 2015 US data giant Nielsen is reportedly eyeing a bid for Tesco’s Dunnhumby amid a flurry of interest that could push the price tag for the company above the mooted £2bn mark. Tesco boss Dave Lewis hired Goldman Sachs earlier this year to explore a sale or partial sale of the business – which analyses the [...]
Martin Sorrell is best paid FTSE boss pocketing £43m but WPP braces for fresh shareholder row April 30, 2015 Global advertising giant WPP hiked chief executive Sir Martin Sorrell’s pay by 43 per cent for 2014, taking his awards to £43m and making him the best paid boss in the FTSE 100. The payout comes after years of shareholder rebellions at the firm’s annual general meetings. In 2012, a majority of shareholders voted against [...]
Tesco moves £90m media account to WPP’s Mediacom ending 20 years with IPG’s Initiative April 30, 2015 Tesco boss Dave Lewis has done some more kitchen-sinking, ditching the company that has been in charge of placing its advertising for the last 20 years. The beleaguered supermarket has switched its media planning and buying account – worth £90m a year – to WPP's Mediacom from IPG's Initiative after a review, MediaWeek reports. It's [...]