It was argued that the chief executive “does not need any more incentives”, as investors were called upon to reject WPP’s remuneration policy. Sir Martin recently responded to criticism by saying that his pay was directly linked with the success of his company, stating: “If WPP does well, I do well.”The Local Authority Pension Fund Forum (LAPFF) has, however, joined those expressing outrage over Critics have pointed out that £70m is 14 times the remuneration of an average FTSE 100 chief executive Mark Runnacles / Getty ImagesThe £70.4 million pay package of Sir Martin Sorrell was branded “just far too high” this morning as the boss of WPP prepared to face shareholder anger at the advertising and marketing agency’s annual meeting.

Source: The Times June 08, 2016 07:52 UTC