Daniel Glaser couldn't wait to get started as the new chairman and CEO at Marsh. He certainly will have his hands full, but the big question is whether he can turn the troubled brokerage around quickly enough to save the job of his embattled boss, Michael Cherkasky. Unfortunately, I think not.
Mr. Cherkasky, president and CEO of parent company Marsh & McLennan Inc., put the wrong person into Marsh's top job when he hired Brian Storms, whose tenure was marked by too many missteps for a firm already struggling to regain its footing.
Mr. Cherkasky had no choice but to throw Mr. Storms to the wolves, with shareholders disappointed in MMC's performance and analysts beating on him like a pi?ata.
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