 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.
Institutional Shareholder Services advises investors to vote "no" on a compensation package for WPP chief Cindy Rose at the May 8 annual meeting.
FTI Consulting chalked up a 9.5 percent rise in Q1 revenues to $983.3M, powered by gains in its PR, corporate finance and technology segments.
Stagwell reports 4 percent growth in Q1 net revenues to $585M and a record $141M in net new business wins.
WPP reported a 6.7 percent drop to $3.1B in Q1 like-like revenues less pass-through costs. CEO Cindy Rose says 'it will take time to outpace historical losses."
Omnicom CEO John Wren reports Q1 revenues from “core operations” rose 6.7 percent to $5.6B, driven in part by a 3.9 percent boost in organic growth.
