Great news for account execs struggling on £16k a year: your
bosses are doing a little better.
A survey of the total earnings brought in by the heads of publicly
quoted marketing groups, published by Marketing Services Financial
Intelligence, has revealed that WPP chief executive Sir Martin Sorrell
picked up £2.5m last year, twice that netted by second-placed
Cordiant Communications Group chief executive Michael Bungey.
Doug Flynn of the Aegis Group came in third, pocketing £975,000,
followed by Chime Communications' Lord Bell on £793,000.
Statistics fans might be interested to know that the bonuses these
luminaries picked up were, on average, equivalent to 85 per cent of
salary. Sorrell took home an impressive bonus of 152 per cent.
Propping up the table was Huntsworth chief exec Lord Chadlington,
boasting a salary of £0 and bonuses of £0 - a combined total
Lord Chadlington, of course, assumed control of the firm on the basis
that the management team would not draw salaries during 2000.
Still, good value for the shareholders.