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Holding company chiefs' pay soars.(Brief Article)
A huge gulf has opened up at the major holding companies between chief executives' pay rises and companies' profit growth, according to new analysis from Marketing Services Financial Intelligence.
The biggest difference was at WPP, where the chief executive, Sir Martin Sorrell, earned dollars 5 million in 2004. Sorrell's package has increased by 126.1 per cent since 2001, during which period profit at WPP grew by 7.8 per cent.
John Wren, the Omnicom chief executive, actually received the largest increase in remuneration, up 137.8 per cent to dollars 5.2 million, on profit growth of 43.8 per cent.
Publicis' profits grew 22.2 per cent over the three years, while Maurice Levy, its chairman, received a pay rise of 107.5 per cent to dollars ...
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