Does the chief executive of WPP really need a 50% pay rise to stay on at the company he founded?
If shareholders wanted to motivate Sir Martin Sorrell, their chief executive, to work harder they could threaten to replace him. It would surely be agony for the great man to contemplate somebody else running the advertising giant he created; and, given his substantial shareholding, he might offer to do the job for free.
Naturally, WPP doesn't see things that way. It thinks a �1m salary, plus the usual add-ons, should be hiked to �1.5m because Sir Martin hasn't had a pay rise since 2007. Okay, but 50%? What pay-inflation index are they using at WPP?
Source: http://www.guardian.co.uk/business/2011/sep/22/wppgroup-sir-martin-sorrell
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