Incentive plan for Sorrell has rich rewards

Britt, Bill
August 1999
Advertising Age;8/23/1999, Vol. 70 Issue 35, p9
Trade Publication
This article reports on the decision of WPP Group chief executive Martin Sorrell to defer a $50 million-plus bonus due in September 1999, in favor of a new incentive plan that could give him an additional $50 million in five years. Under the plan, Sorrell and an anticipated 14 other senior executives at WPP and its operating companies will invest $20 million in WPP shares. If the company hits certain performance targets relative to 14 identified competitors, the executives will be rewarded with additional shares. Under the plan, Sorrell would invest $10 million and could receive $50 million in shares in five years.


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