Battle lines are drawn in new Sorrell pay row

Article Abstract:

A dispute has arisen over a proposed pay deal for the chief executive of WPP, Martin Sorrell. Hermes and Flemings, both pension fund managers with stakes in WPP, plan to vote against this proposal which involves a 25 million pounds sterling bonus scheme. The Association of British Insurers has asked for a justification of the proposal. The UK government is concerned about public perceptions of executive pay levels on the UK and Sorrell argues that opposition is motivated by political reasons.

Advertising Agencies, Compensation and benefits, WPP Group PLC

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Must do better, ad men tell television chiefs: commercial TV companies are ploughing more money into the fight for viewers. But they're coping well with uppity advertisers and stiff competition

Article Abstract:

Advertisers are forcing independent television companies to review their schedules and increase programme making budgets because of the rising cost of airtime, which have coincided with a fall in ITV's television audience share. The companies will move blockbuster movies forward and invest in new programmes. However John Hooper, director general of the Incorporated Society of British Advertisers, is concerned that commercial companies are losing viewers to the BBC, which is more focused.

Television Broadcasting, UHF-Independents, Services, Independent television stations, UHF television broadcasting

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A biotech shocker

Article Abstract:

Tarabetic, a treatment from Scotia for nerve damage caused by diabetes, has faied to be granted regulatory approval and this has led to a drop in the company's share price. The company had expected a rise in sales of 25 million pounds sterling from Tarabetic in 1997, and Tarabetic accounted for a fifth of Scotia's valuation. Analysts argue that the product is not likely to be approved, while the company sees approval as likely over the long term.

Pharmaceutical Preparation Manufacturing, Pharmaceutical preparations, Central Nervous System Prep, Product development, Biotechnology industry, Biotechnology industries, Central nervous system agents, Scotia Holdings PLC

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