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[$$] WPP Will Pay Martin Sorrell More Than $2 Million in Shares as Part of Long-Term Bonus

WPP PLC said it would pay its former Chief Executive Martin Sorrell shares worth more than 2 million pounds, or $2.65 million, as part of his long-term bonus, despite having threatened to withhold the payment following his departure from the firm. The decline of WPP’s shares over the past two years left Mr. Sorrell with about a third of the maximum payment granted under the company’s long-term bonus program. The decision to pay Mr. Sorrell marks a potential detente in the feud between the high-profile ad executive and the company he founded decades ago, building it into an advertising behemoth.