Money WPP CEO Martin Sorrell resigns in the wake of misconduct allegations

23:57  15 april  2018
23:57  15 april  2018 Source:   businessinsider.com

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martin sorrell © Provided by Business Insider martin sorrell WPP CEO Sir Martin Sorrell announced Saturday he was stepping down from the advertising company in the wake of an investigation into allegations of improper behavior and misuse of assets.

He said in a letter to staff that the "current disruption" was "putting too much unnecessary pressure on the business," Reuters reported.

"In your interest, in the interest of our clients, in the interest of all shareowners, both big and small, and in the interest of all our other stakeholders, it is best for me to step aside," he said.

Chief executive officer of WPP Sir Martin Sorrell © Getty Chief executive officer of WPP Sir Martin Sorrell Sorrell has previously denied the allegations to Business Insider but said he recognized the need for WPP to launch an investigation.

Jay Rodriguez cleared of using racist language by the FA

  Jay Rodriguez cleared of using racist language by the FA Jay Rodriguez has been cleared by the FA after the allegations he used racist language against Brighton and Hove Albion were found to be “not proven”. A statement from the FA cleared the Albion striker and announced that no further action will be taken against the former Southampton striker. It read: “A charge of discriminatory misconduct against West Bromwich Albion’s Jay Rodriguez has been found not proven following an Independent Regulatory Commission hearing.” “Rodriguez denied the charge and requested a personal hearing which took place at Wembley Stadium [Wednesday 11 April 2018].” “Having considered all the evidence, the Independent Regulatory Commission determined that on the balance of probabilities the allegation was not proven.” “The FA wishes to stress that there has been no suggestion by any party involved in this case that this was a malicious or fabricated complaint. The FA is completely satisfied that this was a complaint made in absolute good faith.” “The FA takes all allegations of discrimination extremely seriously and continues to encourage all participants who believe that they have been the subject of or witness to discriminatory abuse to report this through the appropriate channels.” “The FA would like to express its full thanks to all parties for their full cooperation during the disciplinary process.” Rodriguez will now be free to play for Albion in the crucial run in period, where Albion will attempt to complete the great escape yet again and secure Premier League survival. The former Southampton man has netted six times since making the switch from St Mary’s to the Hawthorns, but looks set to be playing Championship football next season with West Brom.

Sorrell was one of the more recognizable and outspoken figures in the advertising business, and recently garnered attention for taking a massive pay cut as WPP faces its worst growth prospects in roughly a decade. Sorrell led the British-based company for more than 30 years.

The traditional ad agency has been under tremendous pressure as the power in the industry has shifted to technology giants like Facebook and Google.

Meanwhile, the ad-agency sector as a whole has been accused of being less than supportive of women in leadership. For example, the Vice-owned creative agency Carrot is said to have fostered what many described as a hostile work environment for women.

Mike Shields and Tanya Dua contributed reporting.

Money Saving Expert founder Martin Lewis sues Facebook over fake adverts that use his name to sell scams .
It comes after Facebook was grilled by politicians in the UK and US for sharing personal details of almost 90million people with data firm Cambridge Analytica. But Mr Lewis, 45, said: ‘I believe politicians have totally missed the impact of social media companies on real people and their pockets. It is about time they took this seriously.’He added that Facebook founder and chief executive Mark Zuckerberg ‘pretends to be an honest and campaigning man but his company is a facilitator of criminal scammers … They have known about these scam adverts for years, and they are still happy to roll around in their dirty money.

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