 Martin Sorrell |
WPP has decided not to contest the $2.8M payment that former CEO Martin Sorrell is entitled to under the company’s long-term incentive plan.
He exited the ad/PR combine in April after WPP launched an investigation into his personal content. Sorrell denied any wrongdoing.
The Financial Times noted that WPP had warned Sorrell that it might withhold his bonus payment due to a breach of confidentiality.
WPP granted CEO Mark Read 28,126 shares March 11 under its performance share award program. He sold 13,246 of the lot at £8.84 each to cover UK taxes.
On March 13, Read became entitled to 27,228 sharers under the executive performance share plan. He sold 12,843 of those shares at £8.56 each to cover taxes.
WPP chief Cindy Rose is cutting up to 1,000 jobs by the end of the year, adding to the 11K jobs lost since the start of 2025, according to a report in the Financial Times.
WPP CEO Cindy Rose declares her stabilization plan is "firmly on track" as the company reports a 4.7 percent dip in 1H revenues.
FTI Consulting reported a 2.6 percent drop in Q2 strategic communications revenues to $100M, a shortfall largely due to a $7.4M decline in pass-through revenues.
Omnicom CEO John Wren reported a 7.2 percent rise in Q2 “core operations” to $6B and a 6.1 percent spurt on an organic basis.
Publicis Groupe’s H1 net revenues inched ahead by 1.1 percent to $8.3B. Organic growth hit the 4.7 percent mark.
