Home » General World News » The chance of WPP being broken up has ‘dramatically increased’ — Goldman, UBS, and more react to Sir Martin Sorrell leaving

The chance of WPP being broken up has ‘dramatically increased’ — Goldman, UBS, and more react to Sir Martin Sorrell leaving





Sir Martin Sorrell Chief Executive WPP during Advertising Week Europe, Picadilly, on March 25, 2015 in London, England. (Photo by k)

LONDON — Sir Martin Sorrell announced on Saturday that he is leaving advertising giant WPP after 33 years as CEO.

His exit comes as something of a surprise — investors had no reason to expect his exit as recently as three weeks ago. But it was reported at the start of the month that Sorrell was subject to an internal investigation into alleged misconduct and misuse of assets.

Sorrell denied all the allegations against him but said in a letter to staff on Saturday that the “current disruption” was “putting too much unnecessary pressure on the business.”

WPP chairman Roberto Quarta read more >>>

Source:: BusinessInsider.Com

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