For more than three decades, Sir Martin Sorrell has run WPP – the world-leading advertising group he built from scratch out of a small maker of wire baskets – with an iron grip. Since jacking in his job as finance chief at Saatchi & Saatchi to start his own business at the very un-dotcom age of 40, Sorrell has built Wire & Plastic Products – the shell company he used as his vehicle for global domination, and which still makes metalware to this day – into a business with a stock market valuation of £22bn.
Investors have been rewarded handsomely: £1,000 invested at WPP’s inception in 1985 would be worth £63,000 today. Sorrell has been rewarded too. Two years ago he took home more than £70m, one of the biggest pay deals in UK corporate history, and over the last five years has pocketed £210m.Continue reading...
from Advertising | The Guardian http://ift.tt/2oJemtZ