November 01, 2004
Spying Scandal Plagues Marsh
The new boss of ailing insurance giant Marsh & McLennan is facing questions about what he knew of an alleged spying scandal at the subsidiary he ran, which has led to two senior executives and three other staff being arrested.
Michael Cherkasky took over as chief executive of the group on Tuesday after previous chief Jeffrey Greenberg resigned in the wake of the investigation into allegations of price-fixing and corruption.
Posted by Tom Troceen