Cherkasky: Marsh Clears Its Board Of Insiders
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Another new policy at Marsh &amp; McLennan Cos. (nyse: MMC - news - people ): The insurer said yesterday that five directors--all company executives--are leaving its board.
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Marsh & McLennan Cos. Chairman and Chief Executive Jeffrey Greenberg resigned, the company said on Monday, 11 days after New York's attorney general accused the world's biggest insurance broker of rigging insurance prices.
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Marsh & McLennan Cos. MMC.N will  wrap up its probe into its business practices by early January  and set aside more than the $232 million allocated for legal  costs last month to settle bid-rigging claims, Chief Executive  Michael Cherkasky said.
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Marsh &amp; McLennan Companies Inc. (MMC) on Friday announced a change in the management of Marsh Inc., its risk and insurance services subsidiary.
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NEW YORK - The general counsel for broker Marsh &amp; McLennan Cos. will step down next week as the embattled firm seeks to clean house and reform its business practices, the Wall Street Journal reported on Friday.
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Embattled insurance broker Marsh &amp; McLennan Cos. (MMC.N: Quote, Profile, Research) has suspended four employees as part of a far-reaching investigation into industry practices, the
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The chief executive and chairman of the Marsh &amp; McLennan Companies, the world&#39;s biggest broker of insurance, resigned yesterday, less than two weeks after his company was accused of cheating customers.
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SAN FRANCISCO (CBS.MW) -- Marsh &amp; McLennan said late Thursday that five directors, who are also executives at the insurance broker, have stepped down from the board.
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New York Attorney General Eliot Spitzer sued insurance giants Marsh &amp; McLennan, American International Group and several others Thursday, alleging policy brokers have been taking payoffs from insurance companies to steer corporate clients their way rather
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Marsh & McLennan Cos Inc  said on Friday it will replace its embattled chief executive, Michael Cherkasky, following a year of disappointing results and indicated it would evaluate its insurance brokerage and other businesses.
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Marsh & McLennan Cos. shares were  whipsawed on Friday amid conflicting reports that a change in  the insurance broker's top management was imminent.
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WASHINGTON -- Jeffrey W. Greenberg, who resigned this week as chairman and chief executive of Marsh &amp; McLennan Cos. Inc., amid a regulatory inquiry into its policies, exercised options to obtain 540,000 shares
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Jeffrey W. Greenberg resigned Monday as chairman and chief executive of Marsh &amp; McLennan Cos. Inc. insurance brokerage, the company said, in a move that appeared aimed at positioning
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Marsh &amp; McLennan dumped its CEO yesterday to appease New York&#39;s crusading attorney general Eliot Spitzer who&#39;s still ramping up in his newest war - against the insurance industry.
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Giant insurance broker Marsh and McLennan is now expected to escape criminal charges over illegal payments. It has been the subject of legal action over the payments by New Yrok attorney general Eliot Spitzer.
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NEW YORK - Michael Cherkasky, the new CEO of Marsh &amp; McLennan, was, until recently, known for three things: He tried John Gotti; he &quot;investigated mobsters,&quot; he &quot;participated&quot; in the trial of the 1993 World Trade Center bombers, he was a prosecutor in the
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MICHAEL CHERKASKY, the new chief executive of Marsh &amp; McLennan, yesterday promised âcomplete transparencyâ and announced a major overhaul of the way the embattled insurance broker does business.