One third of investors in Martin Sorrell's WPP failed to back the advertising boss's £70m pay package today, one of the biggest in British corporate history.
Sorrell, who built WPP from a two-man operation in a London office to one that now dominates the industry with around 194,000 staff in 112 countries, has said the scheme reflects his firm's rapid growth in recent years.
The 71-year-old Sorrell has made headlines before for his large payouts and the bulk of the 2015 package came from a long-term scheme called Leap which has now been modified.
In all, 65.8% of investors voted for the remuneration deal, including abstentions.
