Marsh & McLennan: 5 Top Execs Leave Board
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Marsh & McLennan Cos. , the insurance broker accused by New York's Attorney General Eliot Spitzer of bid-rigging fraud, on Thursday said five senior executives stepped down from its board of directors.
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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 & 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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Marsh &amp; McLennan dumped its CEO yesterday to appease New York&#39;s crusading attorney general Eliot Spitzer who&#39;s still ramping up in his newest war - against the insurance industry.
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Marsh &amp; McLennan Cos. (MMC.N: Quote, Profile, Research) , the insurance broker accused by New York&#39;s Attorney General Eliot Spitzer of bid-rigging fraud, on Thursday said five
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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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Jeffrey W. Greenberg, chairman and chief executive of Marsh & McLennan Companies Inc., which is the target of a bid-rigging investigation by New York's attorney general, submitted his resignation on Monday, the company said.
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December 23, 2004 -- Marsh &amp; McLennan Cos., the world&#39;s largest insurance broker, said the Securities and Exchange Commission is investigating the stakes that directors, officers, and shareholders have in the company&#39;s buyout funds.
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Dow Jones & Co. Inc. director Dieter  von Holtzbrinck is resigning from the board, saying he could  not support the company&#39;s endorsement of a $5 billion takeover  offer by Rupert Murdoch&#39;s News Corp.
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The chief of Marsh & McLennan, the world's biggest insurance broker, resigned less than two weeks after his company was accused of cheating customers.
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Talk about a tough sales call. Marsh &amp; McLennan Co.'s top managers, led by new chief executive Michael Cherkasky, took their corporate rehabilitation story to Wall Street yesterday in a conference call with stock analysts. The gist of the plans had been publicly revealed the day before.
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Richard Notebaert said Monday he will leave as chairman and chief executive officer after the board had chosen a replacement.
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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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Jeffrey Greenberg, chairman and chief executive of embattled insurance broker Marsh & McLennan Cos. , is expected to step down within hours, a newspaper reported on Friday, citing people close to the discussions.
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Another new policy at Marsh &amp; McLennan Cos. (nyse: MMC - news - people ): The insurer said yesterday that five directors--all company executives--are leaving its board.
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Executives at the British operations of Marsh &amp; McLennan, the world&#39;s largest insurance broker, breathed a sigh of relief yesterday after law firm
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In a major management shake-up Marks &amp; Spencer have announced that three members of the board are to go, along with a number of senior executives.