On September 15, 2009
WPP’s Sorrell is 4th Highest Paid CEO in the U.K.
WPP’s debt is basically junk. CEO Martin Sorrell has laid off 7,800 people from his agencies. Revenues are down 8 percent. He’s planning even more layoffs at Ogilvy & Mather, JWT, Grey Group et al. And his company’s stock trades at $44.14, down 42 percent from a high of about $76 from two years ago. Yet Sorrell is better paid than the boss of Tesco.
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