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More than 25 percent of WPP investors oppose Sorrell pay arrangements - Sky

Reuters 

(Reuters) - More than a quarter of investors at have cast votes against a pay report to be discussed at Wednesday's annual general meeting, angered by benefits for former Martin Sorrell, according to

Most of the advertising giant's shareholders vote ahead of time, so the company knows the results in advance, although they are not announced until the day. A for could not be reached for comment.

The AGM has received much because of the high-profile departure of Sorrell, the of WPP's success and a titan of the industry over decades.

Up to 20 percent of shareholders oppose the re-election of to the board, Kleinman tweeted, without citing sources.

He said some investors were unhappy about remuneration arrangements that Sorrell will continue to enjoy after he has left.

Sorrell quit WPP after the board opened an investigation into an allegation of personal misconduct.

The company has not given any details and Sorrell has denied any wrongdoing. He told staff he had stepped down because the disruption of the investigation was putting too much pressure on the business.

(Reporting by Elisabeth O'Leary; Editing by Kevin Liffey)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, June 12 2018. 02:27 IST
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