WPP boss Martin Sorrell under investigation of ‘personal misconduct’ allegation
The world’s best known advertising executive Sir Martin Sorrell is facing an investigation into an allegation of “personal misconduct”. However, the specifics of the allegation, first reported by the Wall Street Journal, are unclear.
In a statement provided to Mumbrella, a WPP spokesperson, said: “The Board of WPP has appointed independent counsel to conduct an investigation in response to an allegation of personal misconduct against Sir Martin Sorrell, Chief Executive Officer of WPP. The investigation is ongoing.
WPP is investigating Sorrell for alleged “personal misconduct”
WPP has never been clear on a transition plan or successor – shareholders have been pushing to hear one for years. I can’t see the board ousting Sorrell if it’s immaterial.
Should an investigation find wrong doing they’d probably censure him and impose penalties on his hefty remuneration package. At worst, they’ll come to an agreement he should retirem so an orderly transition can occur.
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I’m surprised to see this actually was about Martin Sorrell!
@scotch…
So let me get this right.
WPP don’t really have a clear transition plan.
So they should sweep it under the carpet.
Just come to an agreement with penalties on a multi-million dollar remunerating package. Or at worst retire him. I get this is your observation and perhaps not your pov – but that’s the sort of thinking that has kept that sort of (alleged) behaviour going. No hard implications for him. No accountability.
(edited by Mumbrella for legal reasons)