Shareholders stage pay revolt but Roberto Quarta says former boss had to be treated as retiredThe chair of WPP has defended the handling of Sir Martin Sorrell’s exit and insisted the world’s largest advertising group was powerless to stop its founder from walking away with share bonuses worth up to £20m.
Roberto Quarta told shareholders at the group’s annual general assembly on Wednesday there was “no basis” to cancel Sorrell’s share awards because the company had no proof of misconduct – despite a series of allegations against the former chief executive. Related: How WPP's chairman responded to investors' questions Related: WPP shareholders revolt over pay following Sir Martin Sorrell's departure - commerce live Continue reading...
Source: theguardian.com