Why did Ajaz from AKQA resign today? Any idea?

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Because he was visited by three ghosts last night and showed him what would happen if he didn't change his ways.

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WPP acquired AKQA back in 2012 so it's not a earnout thing. The press release says 'resigned' which is rare in a corporate statement. Usually it's stepping down or pursuing other opportunities. WPP has put a temporary lead in charge. This reads like Ajaz storming out.

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Typically any merger/acquisition has "golden handcuffs" in the contract for founders and key leaders to stick around, post merger, for them to receive the richest rewards. Most likely that point in time occurred. When you have more $ than you could ever need and your personal DNA is to start companies - not run them and be beholden to others - those ppl tend to peace out.

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Sounds like he was pushed out and might have negotiated for it only to be announced after he had publically celebrated the 30-year anniversary of the company. Everyone was very emotional at the company meeting today

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Heard he is starting something new

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Geoff

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