Marsh chief Greenberg steps down
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The chief of the world's largest insurance broker resigns 11 days after the firm was sued in an alleged price-fixing case.
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A key executive of the insurance brokerage unit of Marsh & McLennan Cos.  has resigned, and sources said a major reorganization will take place on Thursday at the hands of the unit's new chief, Dan Glaser.
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Marsh & McLennan, the US insurance broker being sued for alleged price fixing, ditches half its board of directors.
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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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PORTLAND -- Phil Knight stepped down yesterday as president and chief executive of Nike Inc. , the $12 billion athletic shoe and clothing company he cofounded and built into the world's largest shoe maker.
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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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The Marsh &amp; McLennan Company, the troubled insurance and investment company, said today that it would lay off 3,000 employees, or roughly 5 percent of its work force, as it moved to right
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Odyssey Healthcare Inc., a hospice care provider, said Monday its chief executive resigned as the company warned third-quarter earnings will be below Wall Street&#39;s expectations and revealed it is being investigated by the Department of Justice.
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(1010 WINS) (NEW YORK) Marsh and McLennan&#39;s chairman and chief executive Jeffrey Greenberg will step down this morning, according to a published report.
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INSURANCE broker Marsh &amp; McLennan will take a massive hit from closing down its controversial commission- generating scheme with other firms, as demanded by New York Attorney General Eliot Spitzer.
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Former chief financial officer steps down from company's board amid an investigation into stock option grants.
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Marsh & McLennan Cos. MMC.N, the  insurance broker accused by New York's Attorney General Eliot  Spitzer of bid-rigging fraud, on Thursday said five senior  executives stepped down from its board of directors.
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NEW YORK -- 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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NEW YORK -- Marsh &amp; McLennan, the nation&#39;s largest insurance brokerage, said Tuesday it will lay off 3,000 employees, or about 5 percent of its work force, because of fallout from a bid-rigging scandal that has engulfed the insurance industry.
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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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Marsh &amp; McLennan, a subject of New York state Attorney General Eliot L. Spitzer&#39;s investigation of insurance bid-rigging, said it will lay off 3,000 employees, about 5 percent of its workforce.
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The chairman of Hewlett Packard is stepping down amid controversy over a probe into leaks at the firm.