Anger at £60 Mio Sorrell Bonus Deal

Report that PIRC's head of governance and financial analysis criticised the £60 Mio. compensation package for WPP's Martin Sorrell can only be welcomed. But it leaves the wider question why the fiduciaries in the asset management industry cannot be more effective in reigning in the pay for top executives. Apart from the question whether or not such incentive schemes are really required to obtain top performance from executives - it also leaves the wider question of morality that both sides of the deal have to answer for.
(16 March 2016)