The Week: City News - Sorrell salary falls to £3.1m

Sir Martin Sorrell, the chief executive of WPP, was paid £3.1 million in salary and bonus payments last year, a decrease from the £3.6 million he received in 2007.

Sorrell, who owns shares worth about £75 million, hit the individual and financial targets that were set out for him. WPP's annual report also revealed that under the terms of his contract, Sorrell is able to leave "at will", without the need for a statutory notice period, while the group is able to terminate his contract without notice.