Thursday, April 27, 2017

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Best-paid chief executive in Britain could receive package nearer £15m after earning more than £200m in four years

Sir Martin Sorrell, Britain’s best-paid chief executive, is to take a pay cut in an effort to avert a clash with investors over the scale of his remuneration. WPP will confirm on Friday that Sorrell was awarded almost £50m last year, taking the total payout to the founder of the world’s largest advertising company to more than £200m over the past five years.

The latest payout will be the last from WPP’s controversial Leap scheme, which has sparked investor revolts at the company’s annual meetings, and is to be replaced with a less generous deal that is expected to pay out under £20m annually.

Related: Can anyone be worth £70m a year, Martin Sorrell?

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from Advertising | The Guardian