Alex Webb, Columnist

WPP Just Can't Live Without Martin Sorrell

The lack of an open succession plan is a big mistake.

April 4, 2018 at 10:30 AM UTC

Alex Webb is a correspondent for Bloomberg Quicktake. He previously covered the technology, telecoms and media industries in London, San Francisco and Munich.

1522839217_mart — Photographer: Jason Alden

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The revelation that WPP Plc's CEO Martin Sorrell is being investigated over allegations of personal misconduct has reopened the debate about who can succeed him at the advertising giant.

Sorrell insists he's done nothing wrong. Whether that's true or not, it has been a torrid 12 months for the 73-year-old. News of the investigation sent WPP's already languishing stock to its lowest in almost five years.