WPP boss Sir Martin Sorrell will receive £36m from the
advertising giant's controversial incentive plan.
Sir Martin, and 16 senior executives, were allowed to buy
shares under WPP's management incentive scheme.
They were then given up to five times the total, dependent
on how the firm performed from 2010 to 2014.
WPP's market capitalisation increased by 133% compared with
the FTSE 100's 21.3% rise over the period, meaning executives received the
maximum payout.
The scheme was closed to new share purchases in 2012 after
shareholders protested, but executives who bought shares before this remain
eligible for the scheme's rewards.
The share payout means Sir Martin is set to receive more
than £40m in total pay and awards for 2014, and could stoke anger over
executive pay.
"This is a dangerously excessive amount of money,"
says Luke Hildyard, deputy director of the independent think tank, the High Pay
Centre. "It is vital fund managers hold WPP to account when they get a
chance to vote on this award on behalf of company shareholders."
However, Mr Hildyard acknowledges that any shareholder
revolt will be limited thanks to the strong performance of WPP shares.
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