Three Executives at Marsh Removed in Reorganization
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Two top-ranking executives of the insurance brokerage unit at Marsh &amp; McLennan Company and the company&#39;s general counsel were forced out yesterday as Marsh took another step in reorganizing
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Description: Marsh &amp; McLennan CEO Jeffrey Greenberg steps down, according to a Wall Street Journal online report. Greenberg&#39;s exit comes a little more than a week after his firm was named in a bid-rigging inquiry.
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NEW YORK -- The chairman and chief executive of the insurance brokerage giant Marsh &amp; McLennan is stepping down. The company said Monday that Jeffrey Greenberg submitted his resignation and the board accepted it.
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Under pressure from regulators, the directors of Marsh & McLennan Companies, the big insurance broker, are moving to force the resignation of Jeffrey W. Greenberg.
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Shares of Marsh & McLennan Cos. were whipsawed on Friday amid conflicting reports that a change in the insurance broker's top management was imminent.
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The outside directors of Marsh &  McLennan MMC.N have talked to New York's attorney general  about having its chief executive step aside amid a probe into  its business practices, the Wall Street Journal said on Friday.
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NEW YORK - Marsh and McLennan chief executive Jeffrey Greenberg has resigned, 11 days after New York Attorney-General Eliot Spitzer accused the company of rigging insurance prices and taking kickbacks.
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In its latest move to restructure and shore up its stock, Sprint Nextel yesterday announced the immediate departures of three top executives, including Chief Financial Officer Paul Saleh.
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Embattled insurance broker Marsh &amp; McLennan Cos. said yesterday that five members of its board of directors -- all of them executives of the company -- are leaving the board.
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Microsoftâs new reorganization splits responsibility for its online offerings between four executives, most of whom also are responsible for parts of the Windows operating system.
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Jeffrey W. Greenberg yesterday resigned as chairman and chief executive of embattled Marsh &amp; McLennan Cos. and said that the firm will announce &quot;significant reforms&quot; today, a move that avoids criminal prosecution of the insurance broker.
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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 Cos. MMC.N said on  Monday Chairman and Chief Executive Jeffrey Greenberg resigned,  11 days after New York's attorney general accused the world's  biggest insurance broker of rigging insurance prices.
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Telstra has reshuffled its executive team in the wake of a reported board decision to restructure its operations to appease the competition regulator ahead of the carrier&#39;s likely full privatisation.
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SunTrust Banks Inc., a large U.S.  southeast regional bank, on Wednesday said it fired three  finance executives, including its chief credit officer, after  uncovering problems in how it accounted for bad loans.
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Executive holding three top slots resigns from ailing disk drive maker.
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Officials of embattled Marsh &amp; McLennan Cos. yesterday moved to squelch speculation that its Boston money management firm, Putnam Investments, will be divorced from its corporate parent, either in a sale to an outside buyer or through a private buyout engineered by Putnam executives.