Jeff Greenberg was poised to step down as chairman and chief executive of Marsh & McLennan, the embattled company at the centre of New York attorney general Eliot Spitzer’s probe into insurance corruption.
Speculation was rife Friday that Jeffrey Greenberg may be ousted as chief executive of Marsh & McLennan, a week after the insurance broker was sued by New York Attorney General Eliot Spitzer. Marsh (MMC) shares closed up $1.94, or 8%, to $26.79 amid optimism Greenberg's departure may increase the chances of a settlement between the company and Spitzer.
[updated with second link]
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