UpInArms
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Fri Apr-01-05 09:22 AM
Response to Reply #14 |
20. Marsh's Greenberg forfeited stock, Chernasky earned $4M |
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http://cbs.marketwatch.com/news/newsfinder/pulseone.asp?dateid=38443.3817346065-833759836&siteID=mktw&scid=0&doctype=806&property=symb&value=&categories=&NEW YORK (MarketWatch)-- Former Marsh & McLennan (MMC) chief executive and president Jeffrey Greenberg forfeited $25.1 million in restricted stock after being fired amid an investigation into bid-rigging by the insurance broker. His replacement, Michael G. Cherkasky, earned $373,965 in salary, a $600,000 bonus and $3 million in restricted stock awards, according to a regulatory filing made late Thursday. Shares of Marsh & McLennan fell 28 cents to close at $30.42 on Thursday.Jeffrey Greenberg - son of Maurice "Hank" Greenberg - cheating runs in the family :eyes:
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