He is also the longest-serving FTSE-100 chief executive and has run the sprawling WPP empire since starting the business in 1985. WPP recently reported its worst performance since the advertising recession in 2009, which Sorrell described as “not a pretty year”. “The board of WPP has appointed independent counsel to conduct an investigation in response to an allegation of personal misconduct against Sir Martin Sorrell, chief executive officer of WPP,” the company said. “WPP is investigating an allegation of financial impropriety by me, specifically as to the use of company funds,” Sorrell said. Sorrell and his family trust owns a stake of about 1.8% in WPP, worth about £250m.

Source: The Guardian April 04, 2018 07:20 UTC