WPP Faces Another Revolt Over Martin Sorrell’s Pay

Financial Times: WPP chief executive Martin Sorrell faces a shareholder revolt over his £43 million pay award for 2014 after two leading investor groups criticized the package, which makes him the best paid boss on the FTSE 100. Glass Lewis and Institutional Shareholder Services, which advise investors that own about a quarter of the equities on the U.K. stock market, have both raised concerns about the 40 percent increase that Sorrell received for 2014. The proxy advisers’ worries heighten the chance of another fight over pay between the chief executive and shareholders when WPP, one of world’s leading advertising groups, holds its annual conference on June 9.