New court filings detail how WPP’s turnaround stalled — from the inside
Inside WPP’s unravelling: what 13 former execs told lawyers in a wrongful termination suit.
The fall of WPP, once a dominant force in the media and advertising industry, has been evident for some time. However, newly disclosed documents from insiders provide a detailed account of how the company's decline unfolded. These documents were submitted as part of the amended complaint in a wrongful termination lawsuit filed by a former WPP executive, Richard Foster.
Foster claims he faced retaliation and was terminated after raising concerns about the company's media investment arm allegedly engaging in a kickback scheme.
The filings include interviews with 13 former WPP executives, although the company did not address the specific allegations. However, they did respond to Foster's legal team's updated complaint, which brings forth additional accusations about the holdco's principal media practices. In their statement, WPP called the amended complaint an attempt to prevent its dismissal, claiming both complaints are baseless and without merit. WPP expressed confidence that the matter would be resolved through proper legal procedures.
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