Mixed bag for Putnam Marsh chief&#39;s exit met with relief, concern
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For Putnam Investments, the end of the Jeffrey W. Greenberg reign at Marsh &amp; McLennan Cos. is bittersweet. His resignation on Monday was greeted with some relief
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Marsh &amp; McLennan CEO Jeff Greenberg may soon be on his way out the door as head of the world&#39;s biggest - and most troubled - insurance broker.
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The decision yesterday by Fannie Mae&#39;s board to get rid of its chief executive and chief financial officer illustrates the company&#39;s determination to try and restore its credibility
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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
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Fannie Mae's board of directors may have found it hard to get rid of the company's top two executives, but a difficult job remains in navigating the transition to the next senior management team.
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The out-of-town owners of both Putnam Investments and MFS Investment Management are mulling whether to sell the big asset-management companies, spin them off, or take other steps that could put at risk several thousand jobs at each.
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Patricia C. Dunn resigned and will be replaced by the companyÂs chief executive. Also, two key members of H.P.Âs investigation task force are said to be out.
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WASHINGTON -- Jeffrey W. Greenberg, who resigned this week as chairman and chief executive of Marsh &amp; McLennan Cos. Inc., amid a regulatory inquiry into its policies, exercised options to obtain 540,000 shares
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Marsh &amp; McLennan Cos Inc.&#39;s Mercer Consulting unit, facing layoffs and a federal investigation, is expected to remain part of MMC because it is a stabilizing
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The CEO's resignation likely means more trouble ahead.
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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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Marsh &amp; McLennan, the parent company of Hub funds firm Putnam Investments, announced 3,000 job cuts yesterday as it battles a scandal and a collapse in earnings.
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THE REGION Putnam Investments said Deborah F. Kuenstner, managing director and chief investment officer of the mutual fund firm's Large-Cap Value investment team and International Value team, will leave the company at year-end. Kuenstner has also been an executive board member and management team leader for the $1 billion Putnam Classic Equity fund. Josh Brooks, chief investment officer of the ...
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STEVEN Cain&#39;s abrupt departure from Coles Myer&#39;s food, liquor and fuel business, where he was seen as the executive most likely to succeed John Fletcher, came as a shock to the share market but not to insiders.
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Insurance broker Marsh & McLennan Companies Inc.  said on Thursday that it would sell its troubled money manager, Putnam Investments, to a unit of Canada's Power Financial Corp. . for $3.9 billion.
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Marsh & McLennan Cos. shares were  whipsawed on Friday amid conflicting reports that a change in  the insurance broker's top management was imminent.
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Though the long-running Oracle bid to acquire PeopleSoft finally achieved closure, solution providers on Monday had mixed reactions to the deal, expressing both hopes and fears about how it would impact the business applications market.