Founder of advertising giant says his pay reflects success of WPP as shareholders gather to vote at series of high-profile annual meetingsSir Martin Sorrell,the chief executive and founder of advertising giant WPP, has launched a passionate defence of his controversial £63m bonus deal in the wake of final week’s explosive start to the annual general assembly season.Speaking after shareholders voted against pay deals at BP and Smith & Nephew on Thursday – and as boardrooms are on high alert for a potential revival of the 2012 “shareholder spring” when scores of investors rebelled over executive pay – Sorrell told the Press organization: “Most of my wealth, and if not all of it,is and has been for the final 31 years tied up in the success of WPP. So if WPP does well, I do well, or others in the company do well. If we do badly,we suffer.”Continue reading...
Source: theguardian.com