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In a memo sent out to all WPP employees around the world this morning, holding company co-COO and Wunderman chief executive Mark Read struck a tone of mutual respect and reassurance following reports by The Wall Street Journal and The Financial Times that claimed former CEO Martin Sorrell resigned while the company’s board of directors investigated claims that he allegedly spent business funds on a prostitute.
Last weekend, a spokesperson for Sorrell said he “strenuously denies” the claims, but declined to comment further, citing a non-disclosure agreement signed when he stepped down two months ago.
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