Sir Martin Sorrell to Receive £41.5 Million From WPP Award Incentive Scheme
Sir Martin Sorrell, the marketing and advertising company WPP’s boss, drew criticism after he was paid £70 million in 2016, pay had risen 54% , one of the biggest payout to the chief executive ever awarded to a FTSE 100 executive.
In the past five years he was taking more than £200 million.
About third of the company’s shareholders protested by voting against the company’s remuneration policy at last June’s AGM. Sir Martin’s final pay reward for 2016 will not be known until next month when WPP publishes its annual report.
Last year Sir Martin Sorrell received £7.2 million on top of his Leap pay, the company’s long-term incentive scheme. The announcement came as a number of other UK companies also revealed awards for their top executives on Thursday.
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