Marsh &amp; McClennan CEO quits
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The head of Marsh &amp; McLennan Companies Inc., the nation&#39;s largest insurance broker, resigned Monday, clearing the way for the settlement of bid-rigging charges brought by New York&#39;s attorney general.
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A day after the resignation of its chairman and chief executive officer, Marsh &amp; McLennan Cos. announced on Tuesday it would stop accepting fees that had prompted a lawsuit by New York state Attorney General Eliot Spitzer.
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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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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
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Former CEO quits on heels of bad quarterly loss.
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NEW YORK -- Marsh &amp; McLennan Cos. Inc., the world's biggest insurance brokerage, said yesterday it will cut 750 jobs, consolidate some locations, and revamp its information technology structure to cut costs.
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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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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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CHICAGO (CBS.MW) -- Jeffrey Greenberg may step down as early as Monday as chief executive of Marsh &amp; McLennan, the insurance broker accused of rigging bids by New York Attorney General Eliot Spitzer, according a media report Sunday.
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Jeffrey Greenberg, the chief of scandal-beset Marsh &amp; McLennan, resigned yesterday in the wake of a civil lawsuit filed by New York&#39;s attorney general, Eliot Spitzer, accusing the company of fraud and bid-rigging.
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Former press baron Conrad Black will quit as chairman and chief executive of his Canadian holding company, Hollinger Inc. (HLGc.TO), to facilitate his offer to take the company private, his lawyer said on Friday.
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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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Jeffrey Greenberg, chairman and chief  executive of embattled insurance broker Marsh & McLennan Cos.  MMC.N, is expected to step down within hours, a newspaper  reported on Friday, citing people close to the discussions.
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Two of the highest ranking executives of Marsh & McLennan's insurance brokerage business and the company's general counsel were forced out.
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The chief executive of the world's biggest listed hedge fund is quitting to focus on private philanthropy.
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The chief of Marsh & McLennan, the world's biggest insurance broker, resigned less than two weeks after his company was accused of cheating customers.
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Marsh & McLennan Cos. , 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.