14th Mar 2018 06:43
LONDON (dpa-AFX) - Advertising giant WPP Group PLC's chief executive officer, Martin Sorrell, is facing a huge cut in his pay package following investor criticism and a dismal year, Bloomberg reported citing a person familiar with the matter.
The 73-year-old chief will receive a long-term bonus of less than GBP15 million, compared with GBP41.6 million last year.
Sorrell's total pay package, which won't be revealed until April with the publication of the annual report, will also include pension payments, benefits, his salary and a short-term bonus.
These are unlikely to tally more than GBP20 million, compared with last year's GBP48 million, the report said.
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