{"id":16213,"date":"2012-06-07T13:35:49","date_gmt":"2012-06-07T18:35:49","guid":{"rendered":"https:\/\/adpulp.wpengine.com\/?p=16213"},"modified":"2012-06-07T13:35:49","modified_gmt":"2012-06-07T18:35:49","slug":"run-a-publicly-owned-company-deal-with-the-publics-outrage","status":"publish","type":"post","link":"https:\/\/www.adpulp.com\/run-a-publicly-owned-company-deal-with-the-publics-outrage\/","title":{"rendered":"Run A Publicly-Owned Company, Deal With The Public’s Outrage"},"content":{"rendered":"

In a debate over his exorbitant compensation, WPP shareholders are giving Sir Martin Sorrell fits. <\/p>\n

Sorrell’s current compensation package amounts to $40 million (in U.S. dollars), a 60% boost from last year.<\/p>\n

\"\"<\/p>\n

According to Financial Times<\/a>, three of the top 10 WPP shareholders, which own about 10 per cent of the company\u2019s shares, say they will vote against the board remuneration policies at WPP\u2019s annual meeting on June 13.<\/p>\n

\u201cHe is a good chief executive, but not that good,\u201d says<\/a> one top 10 shareholder. \u201cWhen many people are struggling to simply hold on to their jobs, a pay rise of 60 per cent looks excessive in the extreme.\u201d<\/p>\n

Naturally, this debate has Sorrell’s hackles up. “I find the controversy over my compensation deeply disturbing. The board’s compensation decisions are right because they reward performance, not failure,” Sorrell opined<\/a> in FT.<\/p>\n

Personally, I like to see CEOs limit their pay to a factor of ten over their company’s lowest paid employees. In WPP’s case, I imagine they pay various clerical staff about $30,000\/year. Which means Sorrell’s mountain of gold<\/strike> take home pay is well over 1000 times greater than his lowest paid staffers. <\/p>\n

Does Sorrell work 1000 times harder, and do a job that’s 1000 times more difficult and important? I doubt it. <\/p>\n","protected":false},"excerpt":{"rendered":"

In a debate over his exorbitant compensation, WPP shareholders are giving Sir Martin Sorrell fits. Sorrell’s current compensation package amounts to $40 million (in U.S. dollars), a 60% boost from last year. According to Financial Times, three of the top 10 WPP shareholders, which own about 10 per cent of the company\u2019s shares, say they […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[6,141],"tags":[],"class_list":{"0":"post-16213","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-ad-people","7":"category-compensation","8":"entry","9":"has-post-thumbnail"},"yoast_head":"\nRun A Publicly-Owned Company, Deal With The Public's Outrage - Adpulp<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.adpulp.com\/run-a-publicly-owned-company-deal-with-the-publics-outrage\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Run A Publicly-Owned Company, Deal With The Public's Outrage - Adpulp\" \/>\n<meta property=\"og:description\" content=\"In a debate over his exorbitant compensation, WPP shareholders are giving Sir Martin Sorrell fits. Sorrell’s current compensation package amounts to $40 million (in U.S. dollars), a 60% boost from last year. 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Court papers reveal that the advertising magnate must hand over a \u00a323.4 million lump-sum plus their \u00a33.2 million Georgian townhouse. Also among Lady Sorrell\u2019s\u2026","rel":"","context":"In "Ad People"","block_context":{"text":"Ad People","link":"https:\/\/www.adpulp.com\/category\/ad-people\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3615,"url":"https:\/\/www.adpulp.com\/so_just_exactly\/","url_meta":{"origin":16213,"position":1},"title":"So Just Exactly Who Is Sir Martin Sorrell?","author":"Dan Goldgeier","date":"March 18, 2007","format":false,"excerpt":"I know our friend George Parker has an opinion or two about the CEO of WPP, but how did Sorrell get to be one of the most powerful people in the advertising industry? 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I suppose it's hard to concentrate when your stock loses 45% of its value in one year.\u2026","rel":"","context":"In "Ad People"","block_context":{"text":"Ad People","link":"https:\/\/www.adpulp.com\/category\/ad-people\/"},"img":{"alt_text":"rough_seas.jpg","src":"https:\/\/i0.wp.com\/adpulp.wpengine.com\/archive\/2009\/01\/30\/rough_seas.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":40265,"url":"https:\/\/www.adpulp.com\/holding-companies-are-struggling-to-hold-their-value\/","url_meta":{"origin":16213,"position":3},"title":"Holding Companies Are Struggling to Hold Their Value","author":"David Burn","date":"August 11, 2025","format":false,"excerpt":"Omnicom and WPP are clearing regulatory hurdles and preparing to merge. Both holding companies are also struggling in today's tumultuous economic environment. WPP reported a 71% slump in profits for the first half of its financial year. 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