Sorrell Enjoys 8% Pay Rise for 2007

08 May 2008

LONDON: "If you've got it, flaunt it," enviously yelled failed Broadway impresario Max Bialystock at a Rolls-Royce owner in Mel Brooks' 1968 movie classic The Producers. The famously diffident Sir Martin Sorrell, of course, needs no such advice.

According to WPP Group's annual report for 2007, ceo Sorrell staggered home under the weight of £3.57 million ($7.05m; €4.53m) last year, up 8% on his £3.29m pittance in 2006.

The report also reveals that as at April 24 this year Sir Martin also held a total of 16,555,181 WPP shares, worth around £104m at today's value.

Others at WPP sharing in the bounty were strategy director Mark Read and chairman Philip Lader.

The former garnered 12% more than in 2006, his remuneration up from £646,000 to £722,000; while the latter was awarded a 47% pay hike from £213,000 to £313,000, purportedly his first increase since 2001.

Among the less fortunate executives was finance director Paul Richardson, who saw his pay decline  marginally from £1.61m to £1.6m. He is not reported to be receiving counselling.

Data sourced from; additional content by WARC staff