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Marsh Cleans House; Braces For Finl Impact

Brokerage president, two other top executives resign; 3,000 employees to be laid off

Probes into bid-rigging and contingency fee abuse have prompted Marsh & McLennan Companies to ask the president of its Marsh brokerage subsidiary and two other top executives to step down, while announcing that it will lay off some 3,000 employees to offset the scandals financial consequences.

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