Australia and New Zealand is WPP’s fifth largest market as Sorrell pockets $83m
WPP’s Australian and New Zealand agencies chipped in $1.5bn in revenues to the company last year making it the fifth largest market for the world’s biggest advertising holding group.
In its annual report the group also revealed founder and chief executive Sir Martin Sorrell took home $83.5m from the company, a 44 per cent increase on the previous year, with the bulk of that made up of $70m worth of shares he was handed in March. He had a base salary of $2.9m and short-term incentive payments of $7m.
In Australia WPP owns agencies including MEC, Mediacom, JWT, George Patterson Y&R and Mindshare.
The US was the single biggest contributor with $7.8bn, ahead of the UK with $4bn, Greater China with $1.9bn and Germany with US$1.7bn, as the company reported revenues of $22.4bn globally, up 4.6 per cent on the prior year.
I’m sure all the people who worked in this agencies until 10pm every night, plus weekends and public holidays will be delighted that it wasn’t in vain.
a rather ignorant comment, makes the assumption that all people in senior roles don’t work hard and have had it easy. Did you ever stop to think how Sir Martin made it to that position and the work put in…
and no i don’t work for a WPP company