Outgoing Willis Group CEO Joe Plumeri says matters that have haunted the broker's past earnings are “out the door,” and the company is “free of costly, distracting issues.”
That said, Plumeri describes Willis' third-quarter results in as “disappointing.” Net income for the quarter was $26 million compared to $60 million a year ago during the same time, and third-quarter organic growth in commissions and fees of 2 percent was a bit below leadership's aims.
But during his last conference call with analysts, Plumeri said, “Nothing dulls [Willis'] general enthusiasm” for growth opportunities going forward.
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