SORRELL’S £22m PAY CUT – BUT HE STILL GETS £48m!

THE highest-paid man on the FTSE has taken home more than £48m – despite a £22m pay cut.

Sir Martin Sorrell, boss of advertising giant WPP, was paid £48.1m last year, down from £70m, to avoid another shareholder backlash.

WPP introduced a less generous payment scheme this year for him after 34pc of shareholders refused to back its controversial incentive plan at its AGM last year. His 2016 pay- out is the last to be awarded under the plan, which has seen him receive more than £210m in five years.

Sorrell, 72, is married to Cristiana Falcone ( bothpictured), who is 30 years his junior and is director of media and entertainment industries at the World Economic Forum.

He is expected to earn no more than £19m under the new scheme – but his pay could go down to £13.2m.