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Investors challenge WPP over Sorrell's departure

Reuters  |  LONDON 

By Kate HoltonLONDON (Reuters) - The world's biggest advertising agency WPP faced a shareholder revolt on Wednesday over its handling of the departure of former CEO Martin Sorrell, who quit under a cloud but is still entitled to share awards worth millions.The most famous advertising executive in the world, Sorrell left the marketing giant he built from scratch following an allegation of personal misconduct in April. In a sign of investor concern, nearly 30 percent of WPP shareholders failed to back the group's executive pay proposal at its annual meeting, while almost 17 percent of ...

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First Published: Wed, June 13 2018. 19:04 IST