Martin Sorrell News
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WPP Plc, the world’s largest advertising company, said first-quarter revenue rose 5.9 percent, lifted by digital operations and business in fast- growing markets and surpassing company expectations.
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Charles Manby, a senior partner at Goldman Sachs Group Inc., will lead a 100 million-pound ($152 million) fundraising campaign for the Francis Crick Institute, which will be Europe’s largest biomedical research center.
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Viacom Inc., owner of the Paramount film studios and cable networks such as Nickelodeon and MTV, is adding TV journalist Deborah Norville and World Economic Forum adviser Cristiana Falcone Sorrell to its board.
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President Vladimir Putin proposed limiting severance payments to Russian executives, after a former KGB colleague was granted about $100 million when he stepped down as the head of OAO GMK Norilsk Nickel.
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WPP Plc, the world’s largest advertising company, said 2012 earnings increased as the business boosted investment in digital and emerging markets and profit margins improved.
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WPP Plc investors voted against the remuneration packages of directors, including Chief Executive Officer Martin Sorrell, as the the revolt over executive pay spread to the world’s biggest advertising agency.
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WPP Plc Chief Executive Officer Martin Sorrell, whose pay package was voted down by investors last week, said he will accept plans by U.K. Business Secretary Vince Cable to give shareholders binding votes on executive pay.
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WPP Plc Chief Executive Officer Martin Sorrell said the largest advertising company may increase sales by 4 percent next year, bolstered by the Olympics and U.S. elections and growth in Brazil, China and Russia.
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WPP Plc Chief Executive Officer Martin Sorrell said the world’s largest advertising company recorded stronger-than-expected performance in December, which boosted results for the fourth quarter.
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Martin Sorrell, founder of the world’s biggest advertising firm, said online promotions are set to boom in India, spurred by investments in retail by billionaires Mukesh Ambani and Sunil Mittal.
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