Sir Martin Sorrell gets WPP payout a year after leaving
|bbc.com 14 Mar 2019 at 11:57|
A year after Sir Martin Sorrell resigned as head of the advertising giant WPP he will still receive shares worth £2.13m from the company.
The pay-out is from WPP s long-term executive performance share plan, the Financial Times reported .
Sir Martin will receive 250,000 shares plus dividends under the plan, the FT says.
Sir Martin resigned from WPP last April after the board investigated claims of misconduct, which he has denied.
He then took charge of a shell company, Derriston Capital, and turned it into S4 Capital, a "multinational communication services business".
to take away his share awards when it turned out that both WPP and S4 were competing to buy Dutch firm Mediamonks, and it was thought Sir Martin was in breach of his confidentiality agreements.