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Stock impact report

WSJ: WPP probing CEO Sorrell for asset misuse, misconduct [Seeking Alpha]

WPP plc American Depositary Shares (WPP) 
US:NYSE Investor Relations: wpp.com/wpp/investor/financialnews
Company Research Source: Seeking Alpha
WSJ: WPP probing CEO Sorrell for asset misuse, misconductAd giantWPP -- under pressure both from clients and rivals amid lackluster performance -- isprobing potential misuse of assets and personal misconduct by its CEO Martin Sorrell,The Wall Street Journal reports.The board has hired a law firm to look into some issues. Sorrell sits on the board.Sorrell has been in charge at the company since 1986 and oversaw its transformation into an ad powerhouse, but recently the company and its peers have seen competitive pressure from Google and Facebook, and WPP has been pressed to take action to reduce Sorrell's pay, which included £41.6M in shares in 2016.Click to subscribe to real-time analytics on WPPNow read:Women earn 30% less at Blackstone's U.K. office » Show less Read more
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