Executive pay: BP pay gusher reignites shareholder rows, but new research shows that average pay growth for chief executives has slowed down to below national average April 13, 2016 BP shareholders will vote on a near $20m pay package for the oil major's chief executive tomorrow, reigniting the row over boardoom pay despite greater restraint being shown by many FTSE companies. The pay deal, if approved, would see BP chief executive Bob Dudley take home $19.6m (£13.8m) – a hefty 19.7 per cent pay [...]
Pay of Reckitt Benckiser chief executive doubles after share price rise pushes up value of stock options April 4, 2016 The pay of consumer goods giant Reckitt Benckiser's chief executive has doubled in the past year to a whopping £23m, after the firm's share price boosted the value of his stock options. The swelling pay packet makes CEO Rakesh Kapoor one of the best paid chief executives in the FTSE 100, though even his £23m haul pales in comparison to [...]
WPP chief executive Martin Sorrell says Donald Trump’s presidential hopes should not be underestimated – and “who knows” what he’ll mean for business March 25, 2016 Donald Trump and his hopes of becoming US president should not be underestimated, according to the chief executive of advertising giant WPP. Sir Martin Sorrell, who is the best paid chief executive in the FTSE 100, also suggested it was unclear what impact Trump would have on the business world. He said that the Republican [...]
WPP confirms Sir Martin Sorrell’s pay of £62.8m March 15, 2016 Advertising and PR group WPP has confirmed that founder and chief executive Sir Martin Sorrell has taken home a share package worth £62.78m under the company's co-investment, performance-based, management incentive compensation plan, LEAP. A total of 15 WPP senior executives were involved in the scheme, which covered a five year performance period from 2011 to [...]
Digital marketing company Be Heard agrees deal to acquire MMT Digital for up to £20.5m March 14, 2016 Digital marketing company Be Heard has conditionally agreed to acquire MMT Digital for up to £20.5m. If approved by shareholders, Be Heard would pay an initial £5.1m for the design, build and user experience agency. And an additional £15.4m could be paid subject to performance. Be Heard announced a temporary suspension of trading on the [...]
Sir Martin Sorrell’s salary: How long would it take you to earn the WPP boss’s proposed £70m pay? March 13, 2016 Sir Martin Sorrell, the highest paid boss of the FTSE as chief of advertising giant WPP, is in line for an even bigger bumper payout that will leave him earning a more-than healthy £190,000 each day. Assuming a 12 hour working day, that potential £70m would be the equivalent of more than £15,000 per hour – more than the [...]
The UK is the sport industry capital of the world – its businesses must lead the way with corporate responsibility March 11, 2016 In case you hadn’t noticed, the UK is sport mad. We watch, discuss, engage and play sport with great passion. So it’s not surprising that we are pretty damn good at the business of sport as well. Led by the Barclays Premier League we have an industry worth an estimated £24bn per year. But more [...]
International Women’s Day 2016: Goldman Sachs girls celebrate with Sir Martin Sorrell and London’s fashion royalty at the National Portrait Gallery March 8, 2016 Senior women from Goldman Sachs and marketing mogul Sir Martin Sorrell took time out from their busy schedules to celebrate International Women's Day with fashion royalty. Partners and execs from the bank teamed up with models and designers, including the creative talent behind Kate Middleton's iconic blue engagement dress Daniella Helayel, at the National Portrait Gallery to try on a few outfits [...]
FYI: WPP wants you to know this about February’s revenue and sales growth March 8, 2016 Just days after warning that geopolitical conditions should make advertisers wary of "Don Draperish" optimism and handing in a solid rise in revenue and profits for 2015 in its latest results, WPP has another update. Due to popular demand from "a number of investors and analysts" apparently, the unexpected update details February's performance. "For the month [...]
WPP shares fall slightly as company reports growing revenue and profit – but warns against advertising industry’s “Don Draperish” optimism as Brexit vote looms March 4, 2016 WPP has warned 2016's geopolitical conditions, including the potential for a Brexit, mean advertisers should be wary of “Don Draperish" optimism. The company said that while a "glass half-full" attitude is important in advertising and marketing, clients do not share this positivity currently. Explaining this, it referenced several geopolitical conditions, including the potential for a so-called Brexit. WPP [...]