Marsh ex-CEO exercises stock options
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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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Marsh &amp; McLennan Cos. shares were whipsawed on Friday amid conflicting reports that a change in the insurance broker&#39;s top management was imminent.
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LONDON - A former Wall Street stockbroker plans to start a hedge fund in an ambitious drive to halve the value of Coca-Cola&#39;s shares within 12 months.
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The nation&#39;s accounting rule maker decided yesterday that companies will have to begin deducting the value of stock options from their profits next year, reining
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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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cLennan Cos&quot;/&gt;Marsh &amp; McLennan, which the New York attorney general&#39;s office has accused of bid-rigging and price-fixing, said last night that it was setting up a fund to be used for restitution in any settlement agreement.
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Shares of Marsh &amp; McLennan Cos. , the world's largest insurance brokerage, had their biggest gain in almost three months after The Wall Street Journal said the broker may settle New York Attorney General Eliot Spitzer's bid-rigging charges next week.
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The three top executives at the American Stock Exchange received Wells notices from the Securities and Exchange Commission as part of an investigation into options trading and
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NEW YORK: Marsh &amp; McLennan, the worldâs largest insurance broker, said on Tuesday it will reform its business practices and stop accepting fees at the centre of an investigation by New York attorney general Eliot Spitzer into bid rigging.
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NEW YORK -- Facing charges from New York Attorney General Eliot Spitzer of bid rigging and kickbacks, Marsh & McLennan Cos. jettisoned chairman and chief executive Jeffrey Greenberg yesterday by accepting his resignation, and replaced him with one of Spitzer's former mentors.
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The more stock options CEOs have, the more likely they are to take risky investments negatively affect their business.
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Chief executives weren't the only ones enjoying near-guaranteed profits from stock options in the past decade. Outside directors at hundreds of American companies also received option grants that are likely to have been manipulated, a new study found.
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Shares of Marsh & McLennan rose Thursday following a report that a key executive at its insurance brokerage unit had resigned and that a reorganization of the group was imminent.
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The chief executive and chairman of Marsh &amp; McLennan Companies, the world&#39;s biggest broker of insurance, stepped down today, less than two weeks after his company was accused of cheating customers.
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special coverage Assuming Oracle will win its antitrust suit, traders are scooping up PeopleSoft options.
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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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SAN FRANCISCO, June 18 -- Gregory L. Reyes, the former chief executive of Brocade Communications Systems, either masterminded a stock-option backdating scheme designed to defraud investors or fell victim to murky accounting laws and heightened public scrutiny of corporate accounting errors, lawyers...