Joint PEP/WPP statement

8 November, 2009


WPP and PEP have resolved the dispute between them arising from the sale of the remaining shares in The Communications Group (TCG) to WPP in 2005. The dispute related to agreements under which PEP made payments to two TCG employees that were conditional on the employees not resigning for 12 months after the sale. PEP accepts that WPP and its representatives including Mr Hamish McLennan were not aware of the agreements. PEP maintains that it acted in good faith and on the basis of Clayton Utz's legal advice that the agreements did not need to be disclosed to WPP.

Tools Print page E-mail page Press Releases Reading Room Get Acrobat Reader

WPP Annual Report & Accounts 2013

WPP Annual Report & Accounts 2013
WPP At a glance 2013

WPP At a glance 2013
WPP Sustainability Report 2013/2014

WPP Sustainability  Report 2013/2014