Marsh Says 5 Executives Will Lose Their Board Seats
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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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Marsh &amp; McLennan is set to announce thousands of job cuts at its troubled insurance brokerage arm. The move follows the decision to scrap incentive commissions
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Two top executives of scandal-tarred insurance firm Marsh Inc. were ousted yesterday, the company said, the latest casualties of an industry probe by New York's attorney general.
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Regulators would take steps to oust top executives if the board of the government-chartered mortgage funding company doesn't remove them on its own, according to a source close to the situation.
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EBay Inc  warned that 2008 results would fall below Wall Street expectations, sending its shares more than 5 percent, even as it confirmed long-serving Chief Executive Meg Whitman would step aside.
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Marsh &amp; McLennan Cos. (MMC.N: Quote, Profile, Research) Chief Executive Michael Cherkasky on Tuesday said 90 percent of the 3,000 employees the company plans to lay off will be notified on Wednesday.
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NEW YORK Marsh &amp; McLennan has a good chance of surviving despite the departure of Jeffrey Greenberg, its chief executive, as long as its outside directors understand that removing Greenberg is not the last but the first change they will have to make.
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Marsh &amp; McLennan Cos. , the insurance broker at the center of a bid-rigging probe, on Tuesday said it will lay off 3,000 employees, or 5 percent of its work force, and reported third-quarter profit tumbled 94 percent.
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Marsh &amp; McLellan, the US insurance broker at the centre of a bid-rigging probe, said today it plans to lay off 3,000 employees, or 5% of its work force, as it reported a 94% tumble in third quarter profits.
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Jeff Greenberg leaves post at No. 1 insurance broker not long after Spitzer targeted firm: WSJ. NEW YORK (CNN/Money) - Marsh &amp; McLennan&#39;s embattled Chief Executive Officer Jeffrey Greenberg stepped down as
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Embattled insurance brokerage Marsh & McLennan Companies Inc. said Tuesday that it will lay off 3,000 employees, or about 5 percent of its work force, as it struggles to deal with the fallout from a bid-rigging probe by New York Attorney General Eliot Spitzer.
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Marsh & McLennan Cos. MMC.N, the  insurance broker at the center of a bid-rigging scandal, on  Tuesday said it will lay off 3,000 employees, or 5 percent of  its work force.
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NEW YORK - Marsh &amp; McLennan Cos. Chairman and Chief Executive Jeffrey Greenberg has resigned, the Wall Street Journalâs online edition said on Monday, citing an unnamed person familiar with the matter.
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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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(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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EBay Inc warned that 2008 results would fall below Wall Street expectations, sending its stock down more than 5 percent even as it confirmed long-serving Chief Executive Meg Whitman would step aside.
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Dow Jones & Co. Inc.'s  board will take over negotiations from the company's controlling family regarding a $5 billion offer from Rupert Murdoch's News Corp. , Dow Jones said on Wednesday.