In Brief

Sir Martin Sorrell's exit from WPP shrouded in secrecy

Claims of misconduct ‘swept under carpet’ at world’s biggest advertising company

Advertising guru Sir Martin Sorrell – the British founder of the world’s biggest advertising firm – stepped down at the weekend, but his departure remains “shrouded in secrecy”, says The Times.

Sorrell, 73, said he had decided it was “in the best interests of the business” that he quit, after 33 years in charge. The firm has offered him a £19m payout and will not disclose the findings of an inquiry it launched into allegations against him.

The newspaper says Sorrell was accused of personal misconduct and misuse of company funds. Earlier this month, The New York Times reported that WPP’s board was investigating – but had insisted the allegations “do not involve amounts which are material to WPP”.

Now The Times says sources “close to” Sorrell say he stepped down without knowing the result of the investigation.

Lib Dem leader, and former coalition business minister, Vince Cable, yesterday accused WPP of sweeping the claims “under the carpet”, the BBC reports, and accused the firm of “a real lack of transparency”. Acknowledging that Sorrell is a “highly respected figure”, Cable insisted: “Any investigations done by the company should be made public.”

Recommended

‘Netflix of sport’ DAZN in advanced talks to buy BT Sport 
DAZN cameraman
In Focus

‘Netflix of sport’ DAZN in advanced talks to buy BT Sport 

Hopes fade for UK-US trade deal: what’s the alternative?
Boris Johnson and Joe Biden in the White House
Today’s big question

Hopes fade for UK-US trade deal: what’s the alternative?

Peloton checks in to hotels and health clubs for future growth 
Peloton exercise bikes
In Focus

Peloton checks in to hotels and health clubs for future growth 

How high could UK inflation rise?
Pound coins and bank note
Today’s big question

How high could UK inflation rise?

Popular articles

Doctor says we should not sleep naked because of flatulent spraying
The feet of a person sleeping in a bed
Tall Tales

Doctor says we should not sleep naked because of flatulent spraying

Penguins ‘might be aliens’
Penguins
Tall Tales

Penguins ‘might be aliens’

Abba returns: how the Swedish supergroup and their ‘Abba-tars’ are taking a chance on a reunion
Abba on stage
In Brief

Abba returns: how the Swedish supergroup and their ‘Abba-tars’ are taking a chance on a reunion

The Week Footer Banner