Responsive Advertisement

Ads

Advertise Here
Advertise Here

Featured Post

TikTok is pushing longer videos. Some creators worry about the vibe shift - Aynorm

When TikTok took off in 2020 — with short dancing or comedy clips providing much-needed entertainment to many users at the start of the Covi...


Senior WPP boss says staff 'liberated' after Sorrell exit

Martin Sorrell
Many of WPP's 200,000 staff will feel "liberated" after the departure of founder Sir Martin Sorrell, according to one of his most senior lieutenants.

Stephen Allan, boss of WPP-owned media buying agency Mediacom, said Sir Martin's energy would be missed.
But he added Sir Martin always had an owner's mentality about running WPP, which many employees didn't appreciate.
Sir Martin resigned as chief executive on Saturday after 33 years running the world's biggest communications group.
His exit followed an internal investigation into claims of personal misconduct.
Earlier this month it was disclosed that WPP had appointed a law firm to investigate claims of financial impropriety.
While Sir Martin rejected the allegation "unreservedly", he accepted "the company has to investigate it".
WPP's statement, released late on Saturday, said: "The previously announced investigation into an allegation of misconduct against Sir Martin has concluded. The allegation did not involve amounts that are material."
Announcing his resignation Sir Martin said WPP had been his passion, but it was in "the best interests of the business" to resign.

Highest paid

Less than a week after Sir Martin stepped down, Mediacom's chief Stephen Allan told me: "Everything went through his hands and in many ways that was good - it meant he cared about everything.
"But when you have such a big empire which overall didn't do brilliantly last year, many bits of the business did.
"His downbeat assessment of the company's fortunes was unfamiliar to parts of the company that did really well," he added.
Sir Martin built WPP from a tiny shopping baskets manufacturer in 1985 to the world's biggest advertising company with revenues of over £15bn pounds.
Along the way he became the highest paid boss of a FTSE 100 company and amassed a personal fortune, getting paid £70m in a single year in 2017.
But also made a lot of other people rich along the way when he bought their businesses.
He gobbled up hundreds of firms and the geographical reach of WPP's interests made Sir Martin a "go to" guy when the media wanted a take on the world of marketing - often seen as a leading indicator of global consumer trends.
He was happy to oblige and journalists valued his willingness to comment and his unapologetic stance on issues - like pay - that other chief executives would have ducked.
He is one of the few UK chief executives that had a global standing and his relationships with WPP's key clients will be missed says Stephen Allan - but it's not a game changer according to the Mediacom boss.
"The truth is that we don't live in the world where a phone call from Sir Martin can seal the deal"
So, no one - not even Sir Martin Sorrell is indispensable? "I'm afraid not," says Stephen Allan.

No comments:

Post a Comment


Advertise Here

How To


How to connect a monitor to your laptop

Hooking a monitor up to your laptop can help you multitask and give your eyes a break. But the setup process may seem a bit daunting—especia...


How to save YouTube Shorts songs to YouTube Music

If you've ever found yourself scrolling through YouTube Shorts wondering "what song is playing right now," you probably want an easy way to learn the songs name and quickly save it to your account. While this doesn't always work, it's still a useful


How to contact share on iOS 17 with NameDrop

iOS 17 has fully rolled out to the public, so you can take advantage of all the major upgrades the software has to offer, including the new ...


5 Ways Sales Forecasting Promote Growth of Businesses

Companies create strategic plans for expansion and make informed decisions based on essential information they gather. An increase in a company’s customer base, goods produced, market share, and revenue indicates business growth. Fortunately, revenue intelligence software can help collect .......


How to bypass Windows 11 hardware requirements

Windows 11—love it or hate it—is the latest operating system from Microsoft, and it comes with some perks you can't get in Windows 10. Unfortunately, the hardware requirements for Windows 11 include a compatible 64-bit CPU or a TPM 2.0 chip (via PCWorld), which shuts out quite a few computers....


How to block 'no caller id' on iPhone

If you're waiting for an important call, it's unlikely going to come from 'no caller id', so time wasted by a nuisance call can be frustrating — we can teach you how to block 'no caller id' on iPhone without an issue....


Guide on How to Become a CEO of a Company

Becoming a Chief Executive Officer (CEO) of a company is a significant milestone for many ambitious professionals. The role of a CEO involve...


How To Triple Your Sales By Creating Marketing Sequences

In my last post, I highlighted the different ways you can boost sales with condition marketing. Today, I’m going to show you how you can take this a step further with the addition of sequence marketing...


Advertise Here

Most Read


Advertise Here

Popular Posts

Sponsored


Advertise Here

What is Cybersecurity

What are the different types of cybersecurity threats?

How to connect a monitor to your laptop

If you've spilled water on your laptop, what should you do?

What Is An NFT? : 5 Advantages and Disadvantages of NFT

Top 10 Cryptocurrencies Of March 2024


Technology Posts


LastPass warns users not to fall for fake iPhone app

Boston-based password security service LastPass has warned its customers not to install a phony version of its app for Apple iPhones. LastPa...


How to create generative AI images from Google Search

Say goodbye to trying to find the perfect external app to generate AI images—Google has you covered. For a while, Google has offered an opt-...


How to contact share on iOS 17 with NameDrop

iOS 17 has fully rolled out to the public, so you can take advantage of all the major upgrades the software has to offer, including the new ...


Connect your Xbox controller to PC

Here's how to connect an Xbox controller to your Windows PC Having trouble getting your Xbox controller connected to your PC? No worries...


Invest in Cryptocurrency Without Actually Investing in It

Cryptocurrency can be a profitable investment, but it’s also high-risk, especially when you attempt to invest for the first time. Imagine, e...


Boost Your Job Search with ChatGPT

Boost Your Job Search with ChatGPT: Your Secret Weapon for Landing a Job In today’s competitive job market, finding ways to stand out from t...


Guide on How to Become a CEO of a Company

Becoming a Chief Executive Officer (CEO) of a company is a significant milestone for many ambitious professionals. The role of a CEO involve...


What Holds More Weight in Today’s World? - Skills vs. Degrees

In the ever-evolving job market, the age-old debate of skills versus degrees continues to be a topic of discussion. While a college degree w...


aynorm

ABOUT

  • playstore
  • apple
  • apk
© 2024 Aynorm All Rights Reserved.
Created ByAynorm