WPP secures shareholders' approval for CEO's pay

Just under a fifth of shareholders rebel, down from almost 60% last year

Advertising giant WPP on Wednesday secured shareholder approval for its chief executive's pay, following a major investor rebellion last year, though a sizable minority of investors still voted against the revised pay scheme.

According to proxy figures released at the company's annual meeting in London, 80.58% of shareholders approved the £17.6m ($27.4m) pay package for CEO and founder Sir Martin Sorrell.

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