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The Guardian: WPP pays CEO Sorrell one of biggest pay cheques in UK corporate history
Sir Martin Sorrell has collected one of the biggest pay cheques in British corporate history after WPP, the advertising group, paid out almost £63m to its founder and chief executive. Sorrell has collected a share award of £62.78m, cashing in £30.2m immediately to meet the “consequential tax liabilities”.
The award to Sorrell is thought to be the second-largest ever granted to a FTSE 100 chief executive, behind only the £92m in shares and cash paid to Bart Becht while he was chief executive of Reckitt Benckiser in 2009. Sorrell’s total pay package for the year could eventually hit £70m. He earns a £1.15m salary and will collect a cash bonus worth millions of pounds, although WPP is yet to disclose the exact figure.