Marsh & McLennan ousts Cherkasky
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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 - The general counsel for broker Marsh &amp; McLennan Cos. will step down next week as the embattled firm seeks to clean house and reform its business practices, the Wall Street Journal reported on Friday.
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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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Marsh &amp; McLennan Cos. (MMC.N: Quote, Profile, Research) , the world&#39;s largest insurance broker, on Tuesday said it will reform its business practices and stop
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NEW YORK -- Marsh &amp; McLennan Companies Inc. announced Friday that it was suspending its practice of using &quot;market services agreements&quot; with insurance carriers.
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NEW YORK Marsh and McLennan Companies said today it was suspending its practice of using &quot;market services agreements&quot; with insurance carriers, which the New York attorney general claims were used to rig bids, thereby cheating customers.
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Giant insurance broker Marsh and McLennan is now expected to escape criminal charges over illegal payments. It has been the subject of legal action over the payments by New Yrok attorney general Eliot Spitzer.
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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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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 & McLennan Cos.  Chairman and Chief Executive Jeffrey Greenberg resigned on Monday, 11 days after New York Attorney General Eliot Spitzer accused the world's biggest insurance broker of rigging bids.
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NEW YORK -- Michael G. Cherkasky, the longtime prosecutor now running embattled financial services giant Marsh & McLennan Cos., says he has figured out the main difference between investigating corporate wrongdoing and taking charge of a company targeted by a white-collar probe:
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Struggling to reorganize after being accused of cheating its customers, Marsh & McLennan said that it was removing five executives from its board.
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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 key executive of the insurance brokerage unit of Marsh & McLennan Cos.  has resigned, and sources said a major reorganization will take place on Thursday at the hands of the unit's new chief, Dan Glaser.
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INSURANCE broker Marsh &amp; McLennan will take a massive hit from closing down its controversial commission- generating scheme with other firms, as demanded by New York Attorney General Eliot Spitzer.
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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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Marsh &amp; McLennan Cos. Chief Executive Michael Cherkasky created a compliance unit and pledged to return money to clients as the world&#39;s largest insurance broker moves to settle claims of kickbacks and rigged bids.