IRELAND: Equity Programme that rewards stock for holding stock
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WPP Group shareholders back stock plan for executives
AAAA SmartBrief | 06/03/2009
WPP
Group, despite concerns among some shareholders at its meeting in
Dublin, Ireland, has gotten the go-ahead for a compensation plan that
rewards the company's chief, Sir Martin Sorrell, and other top
executives with as many as five shares for each one they hold for five
years, if the holding company's results are better than eight of its
nine rivals. The plan calls for executives to receive 1.5 shares for
each one they hold if WPP's results rank in the middle of the pack. Wall Street Journal, The (06/03)
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