After Spitzer probe, Marsh CEO tries corporate triage

Article Abstract:

Chief Executive Officer Michael G. Cherkasky, Marsh & McLennan Companies Inc. has restructured the company after the United States Securities and Exchange Commission investigation. The insurance company let go of one quarter of its clients that were losing money and reorganized. It is too soon to see results from this management strategy, net income for the first six months of this year is down 64 percent to $300 million.

Organizational history, Company restructuring/company reorganization, Reorganization and restructuring, Company Profile, Company organization

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Marsh's new CEO to sound a wake-up call

Article Abstract:

Michael G. Cherkasky, recently appointed chief executive officer of Marsh and McLennan Companies Inc., discusses his new job and his vision for the company. Of primary concern, will be his handling of ethical issues at the company in light of New York Attorney General Elliot Spitzer's case against the firm's insurance-brokerage unit, Marsh Inc.

Financial management, Executive changes & profiles, Legal/Government Regulation, Officials and employees, Cases, Finance, Practice, Appointments, resignations and dismissals, Interview, Company financing, Spitzer, Eliot, Marsh Inc.

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Spitzer expects a civil settlement with AIG

Article Abstract:

American International Group Inc. is being investigated by the United States Securities and Exchange Commission and a civil settlement is expected. Overall the insurance companies shares are down 26 percent but today the shares are up 4.6 percent or $2.35 to $53.30 on the New York Stock Exchange.

Accounting Methods, Accounting, American International Group Inc., United States. Securities and Exchange Commission, AIG

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