WPP’s fall from holdco supremacy has been apparent for a while. But newly revealed accounts from insiders lay out, in granular detail, exactly how it happened. Before diving into those accounts it’s worth framing them properly. They come from a consolidated securities class action filed in the Southern District of New York against WPP, former CEO Mark Read, CFO Joanne Wilson and WPP Media global CEO Brian Lesser, on behalf of investors who bought WPP American Depository Receipts between March 2024 and October 2025. As part of that case, thirteen former WPP executives were interviewed as part of that case. The complaint draws heavily on the…
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