New Marsh CEO seeks to settle kickback case
Article Abstract:
Marsh & McLennan Cos. Inc.'s new chief executive Michael Cherkasky created a compliance and pledged to return money to clients, as the world's largest insurance broker moved to settle claims of kickbacks and rigged bids. The steps by Cherkasky are designed to resolve allegations in a lawsuit by New York Attorney General Eliot Spitzer, who refused to negotiate with Cherkasky's predecessor, Jeffrey Greenberg.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2004
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Ex-CEO of Enron accused of fraud
Article Abstract:
Jeffrey Skilling, the former chief executive officer of Enron Corp. was charged with nearly three-dozen counts of fraud, insider trading, and other crimes in relation to Enron's collapse. While Jeffrey Skilling was also accused of participating in schemes that mislead the government regulators and investors regarding the company's earnings, Jeffrey Skilling has pleaded not guilty to all the counts.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2004
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Boeing flies through unusual turbulence
Article Abstract:
Boeing Co. stock price is up 30 percent and its outlook is improved and so has morale at its signature commercial aircraft unit despite the protracted aviation slowdown since 2001. The company agreed to pay between $40 million to settle a sex-discrimination suit brought in 2000 by female employees and former employees.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2004
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- Abstracts: Hercules looks to sell BetzDearborn. Hercules taps ex-CEO of Union Carbide. Hercules chemical firm puts out 'for sale' sign
- Abstracts: AMP files suit to block takeover. Majority accept an offer for AMP
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- Abstracts: Biotech settles with fired CEO for $4 million. American Home acts to end suits and save merger. American Home taps president to be CEO
- Abstracts: Family bike enterprise is recycled back to city. Grade-school gym in N.J. bags sponsor. For four decades, their team has outlasted big sports chains; what was a tiny winter sports shop in N.J. has grown into one of the best-known specialty sporting goods stores in the East