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Sorrell grilled on WPP exit during Cannes Lions interview
CANNES — A tanned Sir Martin Sorrell began to sweat. His moment to address the scandal that led to his sudden exit from the top spot at ad agency giant...
Sorrell: Ouster from WPP like 'being hit by a bus'
CANNES — Martin Sorrell said getting ousted from powerhouse ad agency WPP because of some “fanciful” rumor was like “being hit by a bus.” In his first extensive comments since...
Martin Sorrell expected to address controversial WPP exit
CANNES — Sir Martin Sorrell is trying to clear his name. The ex-WPP boss, who is set to be interviewed Friday by Ken Auletta on stage here at the Cannes...
Martin Sorrell gets to keep $27M retirement package
Ousted WPP founder Martin Sorrell got to keep his secrets — and his $27 million retirement package — after investor resentment at the ad giant’s annual meeting on Wednesday produced...
WPP shareholders push back over founder's exit package
The world’s biggest advertising agency, WPP, faced a shareholder revolt over its handling of the departure of former CEO Martin Sorrell after large votes against the chairman and the company...
WPP rattled over report Martin Sorrell used corporate funds for prostitutes
It’s the curtain-raiser no CEO wants — especially two days before the company’s annual meeting. For former WPP chief Sir Martin Sorrell, however, the situation has been impossibly complicated by...
Ad giant WPP faces uncertain future without Martin Sorrell
WPP, the world’s biggest advertising company, entered uncharted territory Monday without its founder, Martin Sorrell, whose departure has left it rudderless at a time of swirling industry change. Shares in...
Ad firm WPP probes CEO for alleged misconduct
British advertising company WPP said Tuesday it is conducting an investigation in response to an allegation of personal misconduct against its chief executive, Martin Sorrell, who denied wrongdoing. WPP, the...
WPP shares crash as Google, Facebook muscle in on ads
Britain’s WPP struggled to keep pace with changes in advertising in 2017, with its worst annual sales performance since the financial crisis and a gloomy outlook putting its shares on...
Ad giant WPP's shares suffer their worst day since 1998
WPP, the world’s largest advertising group, cut its sales target for the second time in six months on Wednesday after consumer goods giants curbed spending, putting its shares on track...
Ad giant Publicis says it will skip Cannes Lions next year
CANNES, France -- Mega-yachts, five-star hotels and private concerts with rock-and-roll legends? This ad agency has had enough. Publicis Groupe, the behemoth that owns top ad firms like Leo Burnett...
Ad boss Martin Sorrell and wife welcome baby girl
Mazel Tov to Viacom board member, Cristiana Falcone and WPP Group boss Martin Sorrell who just welcomed a baby girl, Bianca Eva Sarah Falcone Sorrell. Sorrell, 71, and Falcone, 43,...
Sexism and racism rampant in biz -- but don't judge JWT CEO yet: ad boss
WPP boss Martin Sorrell admitted sexism and racism are rampant in the ad business — but said there’s been a rush to judge former J. Walter Thompson Chief Executive Gustavo...
Martin Sorrell puts the pressure on Harvey Weinstein
WPP boss Martin Sorrell and his fellow board members at Weinstein Co. have been piling on the pressure on Co-Chairman Harvey Weinstein to slim down. Angry that a deal with...
Advertisers probe agencies over kickbacks, backroom deals
It’s a nightmare on Madison Avenue. The world’s biggest advertisers have launched a wide-ranging inquiry into whether ad agencies are cheating them on fees through backroom wheeling-and-dealing. The Association of...
GroupM takes large 3 WTC space
In a spectacular holiday present for the World Trade Center and developer Larry Silverstein, media investment management giant GroupM has signed a 20-year lease for over a half-million square feet...