Sorrell set to make 20m from WPP shares

Image copyright Getty Images

Sir Martin Sorrell could make almost PS20m from WPP shares over the next five years despite stepping down as chief executive of the world’s biggest promote group on Saturday.

Although he will get no payoff or pension under the terms of his contract, he remains enjoy the right to long-term share bonus awards.

The maximum number of shares Sir Martin may be awarded if WPP assembles specific targets is 1.65 million.

They are worth PS1 9m at current prices.

Sir Martin owns about 2% of the company – a bet merit about PS300m.

Leave a comment

Your email address will not be published. Required fields are marked *