New York State attorney general Eliot Spitzer said the October 25 resignation of Marsh & McLennan CEO Jeffrey Greenberg has paved the way for a settlement related to charges that the firm rigged insurance prices.
New CEO Michael Cherkasky said the company can move past the scandal, but critics noted the reforms will have a short-term negative impact on finances and could destroy its core business. All eyes are on Cherkasky to see if he can manage the investigation while watching the bottom line. Most frequent messages 1. Marsh is adopting significant reforms to move past lawsuit 2. Greenberg resignation was vital toward a settlement 3. Criminal action will not be taken against the company 4. Marsh management misled Spitzer 5. Marsh stock has plunged since investigation opened Based on 30 reports appearing in major US business and consumer media from October 25-29 Evaluation and analysis by CARMA International
