Marsh chief &#39;may be ready to quit&#39;
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Marsh &amp; McLennan chief executive Jeffrey Greenberg could announce his resignation as soon as today as a result of New York attorney general Eliot Spitzer&#39;s investigation into alleged corruption in the insurance industry.
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may have been surprised to learn that he had stepped in as head of the beleaguered insurance company, Marsh &amp; McLennan, on Monday, October 25, and has been in the national media spotlight ever since.
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Marsh &amp; McLennan Cos.&#39; new boss Michael Cherkasky may be the prototype of the new CEO -- where the E stands for enforcement.
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The CEO's resignation likely means more trouble ahead.
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US insurance broker Marsh &amp; McLennan looks set to escape criminal charges after it announced a wide-ranging reform of the way it does business.
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Shares of Marsh & McLennan rose Thursday following a report that a key executive at its insurance brokerage unit had resigned and that a reorganization of the group was imminent.
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NEW YORK -- Facing charges from New York Attorney General Eliot Spitzer of bid rigging and kickbacks, Marsh & McLennan Cos. jettisoned chairman and chief executive Jeffrey Greenberg yesterday by accepting his resignation, and replaced him with one of Spitzer's former mentors.
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Marsh & McLennan Companies, the insurance broker, said it would replace its embattled chief executive, Michael G. Cherkasky.
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Bruce Wasserstein, the combative chief executive of investment bank Lazard, is expected to agree this week that he will quit the group unless he can pull off a successful
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Jeffrey W. Greenberg, chairman and chief executive of Marsh & McLennan Companies Inc., which is the target of a bid-rigging investigation by New York's attorney general, submitted his resignation on Monday, the company said.
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Marsh & McLennan, the world's largest insurance broker, may survive its criminal investigation if it makes certain changes.
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October 29, 2004 - With stock prices falling and a new chief executive at the helm, Marsh &amp; McLennan Cos. may quickly settle a civil suit filed by New York Attorney General Eliot Spitzer, but it may cost $500 million or more.
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NEW YORK, October 26  - Marsh &amp; McLennan Companies&#39; (MMC.NYS) Chairman and CEO, Jeffrey Greenberg, has resigned from his position, in the wake of the recently filed lawsuit against the company by the New York Attorney General, Eliot
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The chief executive of Marsh & McLennan faces a showdown with investigators over accusations of bid-rigging.
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Broker Marsh &amp; McLennan Cos.&#39; (MMC.N: Quote, Profile, Research) internal investigation into accusations of insurance bid-rigging has triggered the dismissal of four executives in recent days, a company representative said on
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The new boss of US insurance broker Marsh &amp; McLennan said he is confident of settling the charges brought by New York Attorney-General Eliot Spitzer.
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The outside directors of Marsh &amp; McLennan (MMC.N: Quote, Profile, Research) have talked to New York&#39;s attorney general about having its chief executive step aside amid a probe into its business practices, the Wall Street Journal said