Spitzer mentor takes over at Marsh
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A FORMER mentor to Eliot Spitzer replaced Jeffrey Greenberg as chief executive of Marsh &amp; McLennan last night, as the embattled insurance group made its first move towards settling a lawsuit with the New York Attorney-General.
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Eliot Spitzer, the New York State attorney general, has recently taken on a procession of corporate powers from mutual funds to insurance brokers.
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SAN FRANCISCO (CBS.MW) -- Marsh &amp; McLennan CEO Jeffrey Greenberg resigned Monday and was replaced with Michael Cherkasky as the insurance broker tries to work towards a settlement with New York officials.
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New York Attorney General Eliot Spitzer has sued Marsh, alleging that the world&#39;s largest insurance broker steered unsuspecting clients to insurers with whom it had lucrative payoff agreements, and that the firm solicited rigged bids for insurance
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Eliot &quot;The Enforcer&quot; Spitzer is on a roll. Having already taken the investment banking and mutual fund industries to task, the New York attorney general has made it clear
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Description: Marsh &amp; McLennan CEO Jeffrey Greenberg steps down, according to a Wall Street Journal online report. Greenberg&#39;s exit comes a little more than a week after his firm was named in a bid-rigging inquiry.
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New York Attorney General Eliot Spitzer&#39;s filing last Thursday of charges against giant insurance broker Marsh for alleged commercial account steering and bid rigging has already had significant impact on Marsh and is expected to reach into the insurance
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Marsh &amp; McLennan will see no criminal charges from the New York Attorney General Eliot Spitzer as the company moves towards positive changes in its staff.
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Marsh &amp; McLennan Cos.&#39; new boss Michael Cherkasky may be the prototype of the new CEO -- where the E stands for enforcement.
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Two Marsh &amp; McLennan Cos. (MMC.N: Quote, Profile, Research) executives linked to an insurance market bid-rigging investigation stepped down from their positions
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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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NEW YORK - Today, New York Attorney General Eliot Spitzer will announce that he is filing both criminal and civil lawsuits against Marsh &amp; McLennan, the largest US insurance brokerage firm.
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The new head of Marsh &amp; McLennan Cos., Michael G. Cherkasky, has three key traits working in his favor: clean hands, a reputation for toughness and the right friends.
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Michael Cherkasky, the newly appointed chief executive of Marsh &amp; McLennan Cos., can pick up as much as $1.95 million annually under the terms of his pay package
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NEW YORK : New York Attorney General Eliot Spitzer sued Thursday a major US insurance brokerage firm, Marsh and McLennan Co, for steering clients to insurers with whom it had lucrative payoff agreements.
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Jeffrey Greenberg, the chief executive of Marsh &amp; McLennan, the insurance broker accused of rigging the market to make inappropriate fees from customers, was yesterday expected
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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