Sorrell takes home £21m
Sir Martin Sorrell, chief executive of WPP, the advertising giant, received a £21m pay package last year when a share-based performance pay plan crystallised.
Sorrell's salary and cash bonus of £3.5m was boosted by the award of 2.95m shares worth £18.4m at the current share price, according to reports in the Guardian, the UK newspaper.
The shares that he received this year were from a Leap - "leadership equity acquisition plan" - that was initiated in 2004 and ran until 2007.
In 2005 Sorrell received £50m worth of shares, thanks to the intricate pay plan.
Paul Richardson, WPP's finance director, is also a member of the plan and the 84,715 shares that vested to him are worth £529,468 on top of salary and bonus of £1.6m.
Sorrell could also receive expenses for maintaining an apartment in New York, which he recently bought because the size of the company's business in the US, according to the WPP annual report.
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