WPP refuses to give pay share awards to accused founder Martin Sorrell
Martin Sorrell, the founder of WPP, known as the world’s biggest advertising company, is been refused to get the pay share awards and is been accused of leaking credible information of WPP clients, leading to an open conflict, this Thursday afternoon. Mr. Sorrell currently runs a fast-growing digital challenger firm S4 Capital.
Sorrell, currently running firm called S4 Capital, denounced the move made by WPP and called the accusations to be petty and said are motivated by anger at his success. “It’s a bit rich that they’re accusing me of leaks, given their own over the last three years,” Martin Sorrell told Reuters.
“They’ve had to go back several years to try and find an excuse to deny me what’s mine. I’ve left it to my lawyers to deal with,” Sorrell added. Sorrell, the most famous advertising legend of his times, built WPP into the biggest advertising company.
Sorrell’s new firm, S4 Capital, has a market value of 3 billion pounds ($4.2 billion) and a large roster of new clients.
WPP offers major deals over three decades, to advertising, media buying services, public relations as well as data analytics to the well known brands such as Ford, HSBC and Unilever.
Sorrell, back then, became one of Britain’s most high-profile businessman, doing top deals and also meeting presidents around the world. He had quit this well built British firm in 2018 over a complaint about personal misconduct, which he has always denied.