Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Cherkasky.jpgThe subject line on the analyst’s note from David Small at Bear Stearns said it all, “Christmas comes early for MMC shareholders,” following the announcement today that Mike Cherkasky, the embattled president and CEO of Marsh & McLennan Companies, is on his way out the door–a move I suggested was inevitable in my blog back on Dec. 10.

While I very much doubt my blog was the last straw (especially since I suggested that Mike probably wouldn’t be gracefully forced out until mid-year 2008), comments like mine certainly reflected a widespread dissatisfaction within the investment community that MMC itself acknowledged today.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.