Should you be embarrassed to be the highest-earning FTSE100 boss?
Many of us would be embarrassed if we earned £70m, because it looks pretty greedy. Especially if we’d faced numerous backlashes from shareholders.
But it seems that’s not the case for WPP chief Martin Sorrell who told BBC Radio 4’s Today programme he wasn’t bothered in the slightest.
“I’m not embarrassed about the growth of the company from two people in one room in Lincoln’s Inn Fields in 1985 to 190,000 people in 112 countries and a leadership position in our industry, which I think is important,” he said.
WPP turned over £3.1bn last year, the company revealed in its annual results today. That was a 5.1% rise on last year.
Sorrell earned a salary of £1.5m, but various performance-related bonuses and benefits bring his total pay package to about £70m.
Mon, 16 Apr 2018
Mon, 6 Jun 2016