TOP NEWS: WPP Investigating Misconduct Allegation Against CEO Sorrell

4th Apr 2018 07:19

LONDON (Alliance News) - Advertising giant WPP PLC said Wednesday that it has appointed independent counsel to conduct an investigation in response to an allegation of personal misconduct against Chief Executive Martin Sorrell.

The investigation is ongoing, WPP said, and the allegations "do not involve amounts which are material to WPP."

The Wall Street Journal had reported earlier that WPP's board was looking into whether Sorrell misused company assets, as well as investigating allegations of improper personal behavior made against the CEO.

---

Related Shares:

WPP