WPP CEO Martin Sorrell Steps Down

Sorrell, who built WPP into a global brand during his 33 years at the helm, had been accused of misusing company assets. He has denied any wrongdoing. Sorrell resigned Saturday night as WPP announced that an investigation into the matter had concluded, with the firm saying only that “the allegation did not involve amounts that are material.”

WPP Boss Martin Sorrell Under Investigation

WPP , the world’s biggest advertising company, is investigating an allegation of personal misconduct against Chief Executive Martin Sorrell who has denied wrongdoing.