Probe into alleged misconduct by Martin Sorrell nearing endNews 

Probe into alleged misconduct by Martin Sorrell nearing end


Probe into alleged misconduct by Martin Sorrell nearing end

An investigation by advertising giant WPP into alleged “personal misconduct” by its powerful British founder, Sir Martin Sorrell, is moving fast and may be wrapped up by next week.

A source with knowledge of the investigation told Page Six that it will be concluded soon and involves, “a claim of some type of personal indiscretion with another party at work.”

The source added that a further allegation of “misappropriation of company funds,” did not relate to a large amount of money, “I believe it may be the use of private company transportation.” The source added, ”Surprising, because Martin is famously very careful how company resources are used.”

A spokesman for WPP declined to confirm or deny the nature of the allegation, as did a rep for Sorrell, who has strongly denied any personal misconduct. “I reject the allegation unreservedly but recognize that the company has to investigate it,” Sorrell, 73, said last week in a statement.


He has also denied misuse of company funds.

The news of the investigation kicked off Wall Street speculation that Sorrell could step down after 30 years at WPP, and that the “board was working against him because numbers haven’t been good,” the first source said.

However another WPP insider denied a boardroom rift, adding should Sorrell be exonerated, he would be expected to carry on as CEO. WPP has appointed independent law firm WilmerHale to investigate Sorrell, whose past huge salary has been of legend in the ad world, but was recently sizably cut back due to decreased company revenues.

A third source added, “Martin has been interviewed by WilmerHale, but he has not been presented with the specific allegations and has not had the chance to comment on them. This is not a case of sexual impropriety, and if that allegation were put to him, he would unreservedly dispute it.”

The source added, “This is not an occasion where there has been an ongoing board battle which has suddenly become public. Martin has a contract which enables either party to terminate at will without compensation or notice, so if the board felt they wanted to move on, contractually they are entitled to do so, as is Martin.”


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