WPP: Will it unravel now Sir Martin Sorrell is gone?

Uncertainty surrounds the future of the advertising giant, which Sir Martin could decide to compete against
Is WPP in its current form a viable business without its founder, CEO and driving force Sir Martin Sorrell?
We’re about to find out.
The company is an agglomeration of more than 400 separate firms whose activities range from advertising to public relations, to market research, to marketing.
Read more WPP shares drop 6% after Sir Martin Sorrell's departure The business world needs more bosses like Martin Sorrell Sir Martin Sorrell quits as WPP boss after misconduct allegations People might have speculated about the potential value that could be delivered through carving bits out when he was in charge, but it was never going to happen.
Sir Martin endured the odd reverse at the hands of his investors, notably over the eye popping pay packages he and his executives enjoyed, but most of the time he was able to swat his critics aside, including when they expressed unhap..

What's behind Wetherspoons boss Tim Martin pulling the pub giant off social media?

It's a rich irony given that the way Mr Martin expresses his views could easily be said to encourage the very sort of troll he takes aim at
Wetherspoons arch Brexiteer boss Tim Martin has created quite the social media storm with the news that he is pulling the company and its 900 pubs off social media.
Before you start cheering, it’s worth taking a moment to appreciate the irony that positively drips from the company’s statement explaining the rationale for the decision.
“It’s becoming increasingly obvious that people spend too much time on Twitter, Instagram and Facebook, and struggle to control the compulsion,” Mr Martin opined, stating that he doesn’t believe abandoning a promotional tool most businesses have leapt upon will affect his trade.
Read more Why Wetherspoons really shut down its social media accounts JD Wetherspoon to close social media accounts over online abuse JD Wetherspoon posts rise in profits but warns of tough year ahead The statement also cited “rec..

ECB asks Deutsche Bank to work out costs of winding down its investment bank

Germany’s largest lender has been looking into the potential impact of an exit from investment banking for some time
The European Central Bank has asked Deutsche Bank to work out how much it would cost to wind down its investment banking operations.
Germany’s largest lender has been looking into the potential impact of an exit from investment banking for some time. Now officials from the ECB’s supervisory division have said they must be presented with forecasts of how the plan would affect other parts of Deutsche Bank, Reuters reported on Sunday.
Deutsche is understood to be the first bank to be asked by the ECB to undertake the task, which is expected to take months to complete.
Read more Deutsche Bank sacks chief executive John Cryan after years of losses The news comes after Deutsche Bank signalled a change in direction by naming Christian Sewing, previously head of the retail banking division, as the replacement for John Cryan as chief executive.
Mr Cryan was sacked after t..

Chinese Social Media Site Reverses Gay Content Ban After Uproar

Chinese Social Media Site Reverses Gay Content Ban After Uproar Photo A conference booth last year for Sina Weibo, which had said Friday that it would reduce gay content as part of a campaign to remove pornographic and violent material from its site. Credit Jason Lee/Reuters BEIJING — Bowing to intense pressure from millions of internet users, a Chinese social media site said on Monday that it would scrap plans to censor cartoons and video games with gay themes.
The site, Sina Weibo, had announced on Friday that it would target gay content as part of a campaign to remove pornographic and violent material from its site.
But its efforts were almost immediately criticized as discriminatory and repressive, spawning an outpouring of #Iamgay hashtags and slogans like “gays aren’t scary.”
On Monday, Weibo said in a post that it would scale back its “cleanup” effort and focus on “pornographic, violent and bloody content” instead of gay material. In a nod to the intense backlash, it thanked int..