Is Marsh&#39;s board responsible for its troubles?
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The company is wrestling with its third scandal in just over a year, raising questions about whether board members were doing an adequate job.
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A wave of business scandals in the  past few years has focused much more attention on how companies  are run, but even many investor watchdogs don't exactly agree  on how to assess corporate governance.
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When trouble strikes, a company's founder usually can't help but come to the rescue. But do they do more harm than good?
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Insurance brokerage firm Marsh &amp; McLennan (nyse: MMC - news - people ) was charged with fraud and antitrust violations in connection with allegations of bid steering and lucrative payoffs from major insurance firms, alleged New York State Attorney General
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Struggling to reorganize after being accused of cheating its customers, Marsh &amp; McLennan, the world&#39;s largest insurance broker, said yesterday that it was removing the five company executives
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Failing to admit its problems in a timely manner is making the company's situation worse.
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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 Attorney General Eliot Spitzer yesterday sued Marsh &amp; McLennan Cos., alleging the world&#39;s largest insurance broker took payoffs to steer clients to some insurers.
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The scandal at Marsh & McLennan Cos.  MMC.N may have floored Wall Street, but some executives who  had defected to a rival insurance broker said the legal storm  was long overdue.
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The stalled recovery campaign at Putnam Investments has put its parent, Marsh &amp; McLennan Cos., in a bind, say analysts and others who follow the Boston mutual-fund company.
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After recent mishaps involving its energy facilities, BP PLC's (BP) latest accident may add fuel to the uproar from regulators, politicians, and environmentalists who are questioning the company's business and safety practices. But investors appear to be unfazed.  BP said late Tuesday Sept.
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Marsh &amp; McLennan CEO Jeff Greenberg may soon be on his way out the door as head of the world&#39;s biggest - and most troubled - insurance broker.
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WASHINGTON -- The first inspections of the Big Four accounting firms by the board overseeing the industry turned up significant problems in their audits of companies' books and quality control, but the findings don't constitute a &quot;broad negative assessment,&quot; an official said yesterday. .
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NEW YORK: New York Attorney-General Eliot Spitzer sued Marsh &amp; McLennan Cos, the world&#39;s No 1 insurance broker, last Thursday, for steering unsuspecting clients to certain insurers in exchange for lucrative payoffs, wiping out nearly a quarter of Marsh&#39;s
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It has been a bad quarter for the SCO Group in more ways than one.  The company experienced legal setbacks in its suit against  IBM and Linux users. Then there was the matter of its one-time stalwart financial backer, BayStar, looking very much as though it might bolt from the relationship at one point, due to differing opinions on SCO's overall strategy.
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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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The US stock market regulator is investigating troubled insurance broker Marsh &amp; McLennan&#39;s shareholder transactions, the firm has said.