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An actuary is a business professional who analyzes the financial consequences of risk.

Saturday, October 23, 2004

MMC CEO not to step down?

Marsh's stock surged as much as 10% in the early afternoon after the Financial Times reported that embattled Chairman and Chief Executive Jeffrey Greenberg would resign "within hours." The newspaper's Web site also reported that Jules Kroll, 63, founder of corporate security firm Kroll Inc. and a vice chairman of insurance brokerage unit Marsh Inc., would succeed Greenberg. But Kroll quickly issued a statement denying the report as "erroneous," cooling enthusiasm for Marsh shares. The stock closed up 7.8% at $26.79 on the New York Stock Exchange.
Posted by ALD at 9:25 AM

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ALD
I'm a veteran of two careers - high school math and physics teacher, retirement consulting actuary - who is now enjoying the pleasure of staying at home for my daughter. (My avatar is in honor of Will Durant, whom I consider the last true sage.)
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      • Spitzer & Cherkasky
      • SOA Exam 5
      • New Marsh & McLennan CEO
      • SOA Education Redesign
      • MMC CEO not to step down?
      • Brokers to stop accepting incentive commissions
      • MMC CEO to step down?
      • Anniversary
      • Tumble in insurance sector continues
      • Taking 401(k) Distributions
      • Marsh axes brokerage head, Appoints Cherkasky (Kro...
      • Two AIG Executives Guilty
      • More on the Spitzer probe
      • NY Attorney General Complaint
      • Insurers' Stocks Plunge on Spitzer Probe
      • PBGC Deficit Could Double
      • 401(k) Participation Rate Slips
      • My work history
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      • First blog post