Shareholders reject WPP chief Sorrell's pay

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A majority of 60% of WPP shareholders voted against chief executive Sir Martin Sorrell's £6.8m pay package yesterday, in an embarrassing defeat for the advertising agency's outspoken boss.

The large revolt is the latest in a string of votes against spiralling executive pay in the shareholder spring, which has seen emboldened shareholders claim the scalps of chief executives at Aviva,...

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