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As a consequence, it was obliged to drop its controversial incentive plan, known as Leap, or leadership equity acquisition plan.
WPP has spent months meeting with senior investors to build support for its new leadership equity acquisition plan (Leap III).
Sorrell's package dates back to a scheme that the company called its "leadership equity acquisition plan" (LEAP), which was introduced in 2009.
The incentive scheme that produced Sorrell's mighty rewards – known as Leap, or leadership equity acquisition plan – has one more year to run and WPP won't be altering it.
The shares he has received were awarded to him in 2011 under a five-year bonus plan known as Leap – leadership equity acquisition plan.
As a result, the net job loss for the average private equity acquisition turns out to be only about 1 percent greater than at other companies.
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Go-shop provisions have become commonplace in private equity acquisitions.
He also received a £5.6m share windfall under WPP's leadership equity acquisitions plan.
Or at least were common when there used to be private equity acquisitions.
The private equity acquisitions that are falling apart or being withdrawn include the purchases of the student loan provider Sallie Mae and Harman International Industries, a maker of high-end audio speakers.
The easy availability of money and new financial products intended to disperse risk led to a boom in mortgage lending and private equity acquisitions.
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