Marsh & McLennan Chief Steps Down
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The chief executive and chairman of the world's biggest broker of insurance stepped down after his company was accused of cheating customers.
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Jeffrey Greenberg, the chief of scandal-beset Marsh &amp; McLennan, resigned yesterday in the wake of a civil lawsuit filed by New York&#39;s attorney general, Eliot Spitzer, accusing the company of fraud and bid-rigging.
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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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Insurance broker Willis Group Holdings  Ltd. WSH.N on Monday said it hired a top executive from  embattled rival Marsh & McLennan Cos. Inc. MMC.N.
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In a move that was anticipated for several days, Jeffrey W. Greenberg, chief executive and chairman and Marsh &amp; McLennan (MMC ), resigned on Oct. 25.
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The outside directors of Marsh &  McLennan MMC.N have talked to New York's attorney general  about having its chief executive step aside amid a probe into  its business practices, the Wall Street Journal said on Friday.
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The retailer's CEO steps down amid a shakeup in operations.
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Jeffrey Greenberg, the embattled CEO of Marsh &amp; McLennan, resigned yesterday, another scalp taken by New York Attorney General Elliot Spitzer.
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NEW YORK -- Marsh &amp; McLennan, the nation&#39;s largest insurance brokerage, said Tuesday it will lay off 3,000 employees, or about 5 percent of its work force, because of fallout from a bid-rigging scandal that has engulfed the insurance industry.
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Marsh & McLennan Companies, the insurance broker, said it would replace its embattled chief executive, Michael G. Cherkasky.
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Kroll Inc., an investigation and risk consulting company owned by Marsh &amp; McLennan Cos. Inc. (MMC.N: Quote, Profile, Research) , has appointed Simon Freakley as chief executive officer and president.
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NEW YORK (CBS.MW) -- Conrad Black stepped down Tuesday morning from his position as chairman and CEO of media holding company Hollinger Inc.
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Marsh & McLennan, the US insurance broker being sued for alleged price fixing, ditches half its board of directors.
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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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Marsh & McLennan Cos Inc  said on Friday it will replace its embattled chief executive, Michael Cherkasky, following a year of disappointing results and is evaluating strategies to boost shareholder value.
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CHICAGO (CBS.MW) -- Jeffrey Greenberg may step down as early as Monday as chief executive of Marsh &amp; McLennan, the insurance broker accused of rigging bids by New York Attorney General Eliot Spitzer, according a media report Sunday.
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Jeff Greenberg leaves post at No. 1 insurance broker not long after Spitzer targeted firm: WSJ. NEW YORK (CNN/Money) - Marsh &amp; McLennan&#39;s embattled Chief Executive Officer Jeffrey Greenberg stepped down as