The highest-paid business leader in the United States makes 2,617 times the average salary for American workers, N.Y. Times reports.
"Customers are more forgiving than employees."
Digital disruption creates opportunities for media companies, Sir Martin Sorrell says.
WPP PLC's report of a stunning slowdown in consumer-product company spending sends a chill across traditional media companies.
Sir Martin Sorrell, WPP CEO, discuses what's happening in the ad market.
European markets closed lower Wednesday as sentiment turned negative and media stocks lagged.
Advertising mogul Martin Sorrell told CNBC on Wednesday his company is poised to increase its investment in Facebook to "well over" $2 billion this year.
WPP, the world's largest advertising group, cut its full-year net sales outlook on Wednesday.
WPP CEO Martin Sorrell said that investing in brand, innovation and its online business was how the company expected to drive profitable growth.
In terms of media investments, Google far outranks Facebook, and Snap Inc pales in comparison, WPP CEO Martin Sorrell told CNBC.
Wall Street and Snap could become friends again tonight — Snapchat just needs 175 million users to make it happen.
"But it's at very low levels. It's $200 million versus $6 billion or $2 billion for Facebook," Sorrell says.
The average salaries of FTSE 100 chief executives fell by almost a fifth in 2016, shrinking the pay packets of some of the U.K.’s top earners by £1 million ($1.3 million).
Despite the stock market rally, technology and pharma are the few sectors chalking up meaningful growth, said WPP CEO Sir Martin Sorrell.
European markets closed lower on Friday as investors digested fresh economic data and focused on developments from the G-20 meeting in Hamburg.
European bourses closed lower on Wednesday, as technology stocks slumped after weakness seen on Wall Street in the previous session.
Over 12,000 machines in around 65 countries including the United States have been hit by the cyberattack.
Merck said Tuesday its cholesterol drug anacetrapib met its primary goal in significantly reducing coronary heart disease.
Sir Martin Sorrell has claimed that WPP shareholders are growing increasingly accepting of his multi-million pound executive pay package, despite facing opposition from more than a fifth of voters at the advertising company's annual general meeting (AGM) on Wednesday.
European markets continued lower Thursday as investors reacted to the European Central Bank keeping interest rates unchanged.