Sir Martin Sorrell in line for record £36m pay packet after 2014 success March 16, 2015 WPP chief executive Sir Martin Sorrell is facing the prospect of a further shareholder revolt this summer with his remuneration for 2014 set to be £36m. Sorrell has fought several bruising battles with shareholders over the size of his pay packages in recent years, culminating with a heavy defeat in 2012. None of the recent [...]
Tesco’s Dunnhumby: Is Sir Martin Sorrell’s WPP about to take a stake in the supermarket’s data business? March 15, 2015 Tesco could be about to sell off a majority stake in its data arm that was responsible for creating the Tesco Clubcard loyalty scheme. The world’s largest advertising firm, Sir Martin Sorrell’s WPP, has made an offer for Tesco's Dunnhumby, Bloomberg reports. Tesco brought in Goldman Sachs in January to explore options for Dunnhumby as [...]
WPP’s Sir Martin Sorrell slams critics of his pay deals March 9, 2015 WPP boss Sir Martin Sorrell hit back at criticism that his remuneration was excessive yesterday, saying that if you personally risked investing in and building a business from scratch to the global leadership position in its sector it would be only natural to be rewarded for it Sorrell, who saw off a shareholder revolt over [...]
Bullish results for Martin Sorrell’s WPP: World’s largest advertising group reports 12 per cent jump in profits March 9, 2015 2015 has started well for the world’s largest advertising group and its chief Martin Sorrell. The figures WPP has announced a 12 per cent boost in profit before tax during 2014: it rose to £1.5bn, with sales of £11.5bn, five per cent higher than in 2013. The company also started January well, with like-for-like sales rising an [...]
Sir Martin Sorrell leads cheers for Harvey Soning’s big night at Claridge’s November 19, 2014 Veteran property legend Harvey Soning, chairman of James Andrew International, stood at the entrance of Claridge’s Ballroom last night, shaking the hands of some of the biggest names in the property world who flocked to celebrate the 40th anniversary of his firm (and his belated 70th birthday). Sir Martin Sorrell (absent from WPP-owned Finsbury’s bash) [...]
Ukip? SNP? WPP boss Sir Martin Sorrell warns Conservatives could find any new coalition partner “more difficult” November 19, 2014 WPP boss Sir Martin Sorrell has warned of “clouds on the horizon” for the Conservatives, even if they win the 2015 election, noting that a coalition with untested parties such as Ukip and the SNP is likely. Sorrell – who gave the keynote speech at the City A.M. Awards last week – tipped the [...]
Ride a black swan? WPP’s Sir Martin Sorrell adds Russian crisis to his list August 26, 2014 The Sochi Winter Olympics in February were a key turning point in the West’s deteriorating relationship with Russia, says WPP boss Sir Martin Sorrell who now lists the Russian crisis as the most threatening of his unknown unknowns – or “black swans” – supplanting the Eurozone debt crisis. “I think we made a mistake [...]
Martin Sorrell under fire as WPP clashes with investors June 25, 2014 Advertising titan WPP clashed with investors at its annual meeting yesterday after nearly 30 per cent of shareholders failed to support chief executive Sir Martin Sorrell’s £30m pay package. Sorrell’s total pay for 2013 shot up by 70 per cent, nearing to £29.8m, making him the highest paid executive in the FTSE 100. At the [...]
Five things WPP boss Sir Martin Sorrell said at Cannes June 17, 2014 WPP chief exec Sir Martin Sorrell made an appearance at the Cannes Lions ad industry festival today, talking "state of the industry" at an event hosted by Wunderman. Here are the highlights, as shared by the audience on Twitter. 1. There are no such things as mergers, there are only acquisitions. via @RandomlyRuna 2. No [...]