Marsh to Replace CEO Greenberg - FT
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Jeffrey Greenberg, chairman and chief  executive of embattled insurance broker Marsh & McLennan Cos.  MMC.N, is expected to step down within hours, the Financial  Times reported on Friday.
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When Jeffrey W Greenberg took the helm of notoriously secretive Marsh &amp; McLennan Cos., a $12 billion financial-services company, on Nov. 18, 1999, analysts were happily buzzing that Greenberg was a gregarious, outgoing executive.
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MICHAEL CHERKASKY, the new chief executive of Marsh &amp; McLennan, yesterday promised âcomplete transparencyâ and announced a major overhaul of the way the embattled insurance broker does business.
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SAN FRANCISCO (CBS.MW) -- Marsh &amp; McLennan CEO Jeffrey Greenberg resigned Monday and was replaced with Michael Cherkasky as the insurance broker tries to work towards a settlement with New York officials.
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Marsh &amp; McLennan Companies Inc. (MMC) on Friday announced a change in the management of Marsh Inc., its risk and insurance services subsidiary.
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Jeffrey B. Lane will replace a senior executive whose unit ran two hedge funds that nearly collapsed this month.
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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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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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MARSH &amp; MCLENNAN, the insurance broker, is to axe 3,000 jobs to help to prop up its flagging profits, which have been hurt by a $232 million (Â£125 million) charge to cover a potential settlement with Eliot Spitzer, the New York attorney-general.
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Apparently anyone who thought there was a major scandal at insurance brokerage Marsh &amp; McLennan is mistaken. That, at least, was the claim yesterday of new chief executive Michael Cherkasky.
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NEW YORK, October 26  - Marsh &amp; McLennan Companies&#39; (MMC.NYS) Chairman and CEO, Jeffrey Greenberg, has resigned from his position, in the wake of the recently filed lawsuit against the company by the New York Attorney General, Eliot
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Independent directors at Marsh & McLennan have begun talking to the New York attorney general about forcing the resignation of Jeffrey W. Greenberg, the chief executive.
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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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Jeffrey W. Greenberg resigned Monday as chairman and chief executive of Marsh &amp; McLennan Cos. Inc. insurance brokerage, the company said, in a move that appeared aimed at positioning
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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 -- 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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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.