Shareholder spring reduces top pay awards July 7, 2014 The legacy of the shareholder spring has reduced top executive pay in the FTSE 100 by seven per cent, according to new research. The pay packages of top bosses fell by five per cent in 2012 and seven per cent last year, the report from remuneration experts Manifest and MM&K suggested. The research also listed [...]
WPP buys into Guardian unit July 2, 2014 WPP yesterday announced the latest in a long line of bolt-on acquisitions, revealing that its data arm Kantar has bought a majority stake in the Guardian’s data visualisation department, Guardian Digital Agency. GDA, previously a part of Guardian News and Media, will be rebranded under the name Graphic and was bought for an undisclosed sum. [...]
The nominations roll in as we launch our awards June 29, 2014 It’s that time of year again – City A.M. is today launching its fifth annual awards, one of the most hotly anticipated occasions in the City calendar. The event, which celebrates those who have helped put the City of London at the centre of the world’s financial markets, will take place on 13 November at [...]
Martin Sorrell under fire as WPP clashes with investors June 25, 2014 Advertising titan WPP clashed with investors at its annual meeting yesterday after nearly 30 per cent of shareholders failed to support chief executive Sir Martin Sorrell’s £30m pay package. Sorrell’s total pay for 2013 shot up by 70 per cent, nearing to £29.8m, making him the highest paid executive in the FTSE 100. At the [...]
Just how big is the pay packet of WPP boss Martin Sorrell? June 25, 2014 WPP shareholders have once again aired unhappiness at the size of Sir Martin Sorrell's pay packet at the holding company's AGM today. Sorrell's total pay for 2013 has shot up by 70 per cent nearing the £30m mark making him the highest paid exec in the FTSE 100. At today's meeting which took place at [...]
WPP makes new Vietnam move June 19, 2014 WPP, the world’s largest advertising group by revenue, yesterday said it will acquire digital creative agency Sofresh in what is the company’s third Vietnamese based acquisition this year. Sofresh was founded in 2007 by Ly Viet Vu and Justin Cohen and reported 2013 revenues of close to £1m. It currently employs 85 people. WPP will [...]
WPP snaps up Dutch outfit June 17, 2014 WPP yesterday said it was taking over Dutch marketing strategy consultant EffectiveBrands for an undisclosed sum. The deal, made through WPP’s media research arm Millward Brown, would see EffectiveBrands combine its client list of Pernod Ricard, Barclays, Unilever and PepsiCo with the WPP firm to create a new unit called Millward Brown Vermeer. EffectiveBrands made [...]
Five things WPP boss Sir Martin Sorrell said at Cannes June 17, 2014 WPP chief exec Sir Martin Sorrell made an appearance at the Cannes Lions ad industry festival today, talking "state of the industry" at an event hosted by Wunderman. Here are the highlights, as shared by the audience on Twitter. 1. There are no such things as mergers, there are only acquisitions. via @RandomlyRuna 2. No [...]
City Moves for 16 June 2014 | Who’s switching jobs June 16, 2014 Wilmington Pedro Ros has been appointed chief executive officer, as incumbent Charles Brady prepares to retire from the business-to-business information firm. Ros joins from Creston, where he is head of strategic insight. He was previously chief executive and chairman of WPP-owned TNS. UBS Global Asset Management Martina Kay has been appointed global head of human [...]
Full service: The & Partnership boss Johnny Hornby on changes in marketing June 16, 2014 Liam Ward-Proud talks to Johnny Hornby, chief executive of The & Partnership It's easy to forget that media buyers and creative agencies haven’t long existed as separate entities. As late as the 1980s, the archetypal agency was “full service”, overseeing all aspects of a campaign. Johnny Hornby, chief executive and founding partner of new agency [...]