WPP Group posts $377 million profit on 7,000 layoffs
August 24, 2010
WPP group plc profits hit $377 million on the heels of a 7,000 employee firing. This is classic stuff. “Sir” Martin Sorrell is still expected to receive his $100 million bonus for a job well done.
This is perhaps the worst of the worst.
This individual ruined thousands of lives and families, yet he will be taking his $100 million bonus. For the record a $100 million dollar bonus roughly equals 2,500 jobs at $40,000 a year.
He will take nearly half of the total number of people he has fired in salary.
This is in reward for having the most technologically primitive advertising agency holding company in the industry. With very little investment in organic search optimization and a very weak holding for social media.
Enjoy the new reality…. also he might as well say “F-U” to the 2,500 people and their families walking the streets as he passes them in his limo.
Related Posts:
Comments
Recognized by Advertising Age Magazine as top Power 150 news outlet for Advertising and Marketing.
Recognized and listed in Google News. Don't stress, we're Satire
Ad Agency Advertising
