martin sorrell began at age 10 at wpp shining shoes. o boards know how to properly value ceo's? martin: it is not a question about the board. the board's decision is made on a comparison basis. the whole thing about this sort of -- it is not mafia -- it is this group of people that operate in terms of consulting comparison, networks. that is the thing that people worry about. my view is the compensation should be tied to investment in the company. not options. you would not give -- the restricting stock is far that appeared but i believe, and our early plans -- interestingly, these plans have been mixed because institutions do not like the idea of us investing cash. the best way is to invest cash in a plan on which performance is -- brendan: that is a problem with the mortgage market for 10 years. getting in the game makes you more cautious. martin: where you have a separation of ownership and control is where you have problems. where you have management interest tied into the equity of the country -- of the company heavily in terms of o

earlier, sir martin sorrell talked about the future. sir martin: highly educated. >> a bigger middle-class. sir martin: the deal with iran, the basis is what is going to 10.en over the next to 15 years whether the middle class will demand more reform from the regime. that is the bet politicians are making. erik: the white house chose american university for the speech because jfk spoke there for an arms deal with the soviet. see the address on bloomberg at 11:20 eastern time. of openness to roman catholics who have divorced and then remarried. pope francis, what a reformer. places the church has a for these people. they have not been excommunicated and should not be treated as such. his remarks point to a possible change in the church's stance. currently they are banned from receiving communion. is getting ations $1 billion investment from the private equity firm silver lake. the equipment maker, motorola, says money will be used to step up growth in public safety products. motorola said it would buy back as much as $2 billion of stock i

talking point around the bp is the role played by -- talking point around wpp is the role played by martin sorrell know about succession planning. i think it is happening behind the scenes. i think it will be impossible -- it would be very hard to propagate. i suspect down the road you could be looking at three guys trying to step into his shoes. let's not make any mistake. i don't think any slowing up on his part. i see that as being a tribe for share prices. " this is a business that has been built by organic growth. are there any more deals left to media isalex: online the area they will be looking to plug the gaps. it looks like it is consolidated most of the big agencies. it is about three big advertising groups. they have done much of the consolidation. what might happen is to look to expand online which is sectorial sectorially. anna: what is your pick among the u.k.? because weked itb see broadcast as a road must -- vpp robust -- we like the -- i like wpp. much.thanks very glad to have you this morning. let's move on. the european central bank is becoming more aggressive. the move comes af

and martin sorrell on the speed of the change in his media world. good morning, everyone.rveillance ," live from our world headquarters in new york. i'm tom keene. me, brendan greeley. olivia sterns pulled the short straw. olivia: they called me. tom: now we will take a look at our top headlines. olivia: president obama is taking his bid for the iran nuclear deal to the american people today. in a speech at american university in washington. jewish leaders are still afraid that iran can build atomic weapons, but the president how speech is unlikely to change benjamin