In a bid to stave off discontent and rebellion from WPP shareholders, chief executive Sir Martin Sorrell has agreed to a lowered salary as well as a 20% reduction in his bonus package following a £17.6m pay-day last year, a 47.6%  increase over the £11.9m he earned in 2011.

Sorrell's decrease of £150,000 seems small-fry in comparison to his generous salary and whether it abates his critics on the WPP board and its shareholders.

According to the Guardian:
Pirc (Pensions & Investment Research Consultants) is also advising a vote against the chairman, Philip Lader, and the chairman of the remuneration committee, Jeffrey Rosen, to hold them accountable for the "overly excessive" pay deal for Sorrell, who founded WPP more than 25 years ago.

Pirc, an investment advisory consultancy said: "Concerns lie in excessiveness and the balance between reward and incentive."