Can WPP’s model survive without Martin Sorrell in charge?
I said last week that WPP chief executive Sir Martin Sorrell was in ‘a very exposed position’. Sure enough on Saturday he resigned from the global advertising giant he created and had run for more than 32 years. ‘But he didn’t “create” it,’ one ex-employee told me, illustrating the internal resentments that seem to have contributed to Sorrell’s downfall. ‘He just made a lot of acquisitions and counted the pennies.’ Whatever he did or didn’t do, his departure was undignified and ill-explained. After he’d gone, WPP’s board announced that its investigation into an allegation of financial misconduct against him had concluded, but ‘did not involve amounts that are material’ and
