By Gideon Spanier
WPP is planning to pay bonuses to staff this year despite the coronavirus slump, although it is likely the top directors will not receive payouts.
“We do want to pay some form of bonus this year,” John Rogers, chief financial officer of WPP, told analysts at its Q3 results. “Clearly, that bonus will be lower than it has been in historical years for the obvious reasons but it won’t be zero either.”
Rogers promised “more detail at the year-end” and explained why WPP wants to pay bonuses, despite the fact annual revenues are likely to be down 10%.
“We do want to try and reward our colleagues for their significant contributions this year – not least
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