NU Online News Service, May 23, 4:40 p.m. EDT--The chief executive of Marsh & McLennan said his predecessor Jeffrey Greenberg and other top managers were ousted from the company because they had responsibility not participation in the contingency fee abuses that enveloped the brokerage.

Michael G. Cherkasky, chief executive officer and president of New York-based MMC, speaking at the company's shareholders meeting last week, said that the removal of a number of management personnel, including Mr. Greenberg, occurred because the board of directors held them responsible.

"We have made changes out of necessity and out of requirement," Mr. Cherkasky told shareholders, referring to what the company has gone through since New York Attorney General Eliot Spitzer filed suit against MMC in October 2004 accusing the company of rigging bids with insurers who paid off with hidden incentive fees.

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