Marsh chief on brink
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Eliot Spitzer&#39;s attack on the US insurance industry is expected to intensify pressure for the resignation of the head of Marsh &amp; McLellan, the company at the centre of the allegations.
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Marsh &amp; McLennan Cos. shares were whipsawed on Friday amid conflicting reports that a change in the insurance broker&#39;s top management was imminent.
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JEFFREY Greenberg was poised over the weekend to step down as chairman and chief executive of Marsh &amp; McLennan, the firm at the centre of New York Attorney-General Eliot Spitzer&#39;s probe into insurance corruption.
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NEW YORK -- Risk consultant Kroll Inc. on Sunday named a new chief executive to replace Michael G. Cherkasky, the new head of Marsh Inc.
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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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Several years ago, the manager of a big insurance company received an odd request from a counterpart at Marsh &amp; McLennan, the world&#39;s largest insurance broker.
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On top of evaporating earnings, Building Materials' CEO is being threatened by a big shareholder.
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Norwegian ship owners threaten to expand a lockout, disrupting production. Marsh &amp; McLennan&#39;s CEO reportedly is set to resign.
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New York Attorney General Eliot Spitzer yesterday sued Marsh &amp; McLennan Cos., alleging the world&#39;s largest insurance broker took payoffs to steer clients to some insurers.
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The chief executive of Royal Dutch/Shell, Jeroen van der Veer, has admitted his "head is on the block" unless the Anglo-Dutch oil giant can sort out its energy reserves accounting problem.
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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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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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Insurance firms are left  reeling as New York attorney general Elliot Spitzer sues Marsh & McLennan, the world's largest insurance broker, for taking illegal payments.
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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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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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Jeffrey Greenberg, the chief executive of Marsh &amp; McLennan, the insurance broker accused of rigging the market to make inappropriate fees from customers, was yesterday expected
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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.