Marsh ousts 2 top executives
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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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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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NEW YORK -- Marsh &amp; McLennan, the nation&#39;s largest insurance brokerage, said Tuesday it will lay off 3,000 employees, or about 5 percent of its work force, because of fallout from a bid-rigging scandal that has engulfed the insurance industry.
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A burgeoning scandal at America&#39;s second-largest financial institution that threatens to undermine the US housing market has seen two top executives forced out.
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US mortgage finance giant Fannie Mae (FNM.N: Quote, Profile, Research) , which on Tuesday removed removed two top executives over major accounting problems
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Insurance firm says its board now consists of its new CEO Michael Cherkasky and 10 outside members. NEW YORK  - Marsh &amp; McLennan Cos.
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SAN FRANCISCO (CBS.MW) -- Marsh &amp; McLennan said late Thursday that five directors, who are also executives at the insurance broker, have stepped down from the board.
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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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Insurance broker Willis Group Holdings Ltd. (WSH) on Monday said it hired a top executive from embattled rival Marsh &amp; McLennan Cos.
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Marsh & McLennan Cos. MMC.N said on  Monday Chairman and Chief Executive Jeffrey Greenberg resigned,  11 days after New York's attorney general accused the world's  biggest insurance broker of rigging insurance prices.
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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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Two senior executives will leave Dell Inc. in an expanding shake-up in the U.S. computer maker's top management ranks, a published report said Tuesday.
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Marsh & McLennan Cos Inc  said  on Friday it will replace its embattled chief executive Michael  Cherkasky following a year of disappointing results.
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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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The chief executive and chairman of the Marsh &amp; McLennan Companies, the world&#39;s biggest broker of insurance, resigned yesterday, less than two weeks after his company was accused of cheating customers.
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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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Broker Marsh &amp; McLennan Cos.&#39; (MMC.N: Quote, Profile, Research) internal investigation into accusations of insurance bid-rigging has triggered the dismissal of four executives in recent days, a company representative said on