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The most powerful person in advertising is gone—just as it faces an existential crisis

Kevin J. Delaney
The most powerful person in advertising is gone—just as it faces an existential crisis

WPP, the world’s largest advertising group, announced yesterday that Martin Sorrell was stepping down as CEO following an investigation into alleged wrongdoing reportedly involving misuse of company funds that concluded that any misconduct “did not involve amounts that are material.” Sorrell, 73, has been the most outspoken and highest-profile executive in the advertising industry for…