N.Y. AG Spitzer Indicts Former Marsh Execs for Roles in Bid Rigging, Fraud
National News • September 15, 2005
New York Attorney General Eliot Spitzer and Insurance Superintendent Howard Mills on Thursday announced the indictment of eight former executives of insurance brokerage giant Marsh Inc. for their ...
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Subject: Of Religion and Wrath:
Posted On: September 15, 2005, 1:04 pm CDT
Posted By: Small Potatoes
Comment:
Now that ÃÆââââ¬Å¡Ã¬Ãâ¦Ã¢â¬ÅReverend SpitzerÃÆââââ¬Å¡Ã¬Ãâàhas rained religion down onto Marsh, he seems to be a bit misguided on his delivery of wrathÃÆââââ¬Å¡Ã¬Ãâæ
Punishment for Marsh:
Publicly apologize for ÃÆââââ¬Å¡Ã¬Ãâ¦Ã¢â¬ÅshamefulÃÆââââ¬Å¡Ã¬Ãâàbusiness practices, replace top management, agree never to do it again, and start a restitution fund of $850 mill (which is, IÃÆââââ¬Å¡Ã¬Ã¢ââ¬Å¾Ã¢m sure, just a small fraction of MarshÃÆââââ¬Å¡Ã¬Ã¢ââ¬Å¾Ã¢s net worth, PLUS Marsh will probably be collecting the interest on the fund! This punishment equates to a ÃÆââââ¬Å¡Ã¬Ãâ¦Ã¢â¬Åflogging and a fineÃÆââââ¬Å¡Ã¬Ãâàat best.
Punishment for Marsh Employees:
FEDERAL CRIMIAL RECORD, MONTHS/YEARS IN FEDERAL PRISON, NEVER ABLE TO WORK IN ANY TYPE OF PROFESSION AGAIN or perhaps any type of job, save menial labor for minimum wage. MarshÃÆââââ¬Å¡Ã¬Ã¢ââ¬Å¾Ã¢s employeeÃÆââââ¬Å¡Ã¬Ã¢ââ¬Å¾Ã¢s professional and working lives could be effectively ENDED!
While Marsh continues to remain in business, only slightly tarnished.
There should be equity in ethos.
The indicted employees were only serving their ÃÆââââ¬Å¡Ã¬Ãâ¦Ã¢â¬ÅmasterÃÆââââ¬Å¡Ã¬Ãâà(Marsh). The indicted employees were only doing the ÃÆââââ¬Å¡Ã¬Ãâ¦Ã¢â¬ÅbiddingÃÆââââ¬Å¡Ã¬Ãâàof their ÃÆââââ¬Å¡Ã¬Ãâ¦Ã¢â¬ÅmasterÃÆââââ¬Å¡Ã¬ÃâàAND, they were doing their masterÃÆââââ¬Å¡Ã¬Ã¢ââ¬Å¾Ã¢s bidding as their master would have them do!
Why should the ÃÆââââ¬Å¡Ã¬Ãâ¦Ã¢â¬ÅmasterÃÆââââ¬Å¡Ã¬Ãâà(Marsh) not suffer an equal wrath as his servants/employees?
The entity that is Marsh, should also be ÃÆââââ¬Å¡Ã¬Ãâ¦Ã¢â¬ÅENDEDÃÆââââ¬Å¡Ã¬Ãâàif the punishment fits MarshÃÆââââ¬Å¡Ã¬Ã¢ââ¬Å¾Ã¢s employees, it should also fit the ÃÆââââ¬Å¡Ã¬Ãâ¦Ã¢â¬ÅmasterÃÆââââ¬Å¡Ã¬ÃâÃÂ.
ORÃÆââââ¬Å¡Ã¬Ãâæ MarshÃÆââââ¬Å¡Ã¬Ã¢ââ¬Å¾Ã¢s employees should be given the same punishment handed to Marsh: Publicly apologize for ÃÆââââ¬Å¡Ã¬Ãâ¦Ã¢â¬ÅshamefulÃÆââââ¬Å¡Ã¬Ãâàbusiness practices, promise never to do it again, and pay a fine in an amount that is commensurate with MarshÃÆââââ¬Å¡Ã¬Ã¢ââ¬Å¾Ã¢s ÃÆââââ¬Å¡Ã¬Ãâ¦Ã¢â¬Åfine/fundÃÆââââ¬Å¡Ã¬Ãâàas it relates to net worth respectively. Then, Rev. Spitzer could also ÃÆââââ¬Å¡Ã¬Ãâ¦Ã¢â¬ÅPRAISEÃÆââââ¬Å¡Ã¬ÃâàMarshÃÆââââ¬Å¡Ã¬Ã¢ââ¬Å¾Ã¢s EMPLOYEES, as he praised Marsh, for ÃÆââââ¬Å¡Ã¬Ãâ¦Ã¢â¬Åembracing reformÃÆââââ¬Å¡Ã¬Ãâàand finally seeing the light. Consequently, the employees, like Marsh, will be free from criminal record and could obtain employment, ie: stay in business, just like Marsh.
Either way, this insurance professional is glad the ÃÆââââ¬Å¡Ã¬Ãâ¦Ã¢â¬Ågood wordÃÆââââ¬Å¡Ã¬Ãâàis being spread.
Subject: Of Religion and Wrath:
Punishment for Marsh:
Publicly apologize for ÃÆââââ¬Å¡Ã¬Ãâ¦Ã¢â¬ÅshamefulÃÆââââ¬Å¡Ã¬Ãâàbusiness practices, replace top management, agree never to do it again, and start a restitution fund of $850 mill (which is, IÃÆââââ¬Å¡Ã¬Ã¢ââ¬Å¾Ã¢m sure, just a small fraction of MarshÃÆââââ¬Å¡Ã¬Ã¢ââ¬Å¾Ã¢s net worth, PLUS Marsh will probably be collecting the interest on the fund! This punishment equates to a ÃÆââââ¬Å¡Ã¬Ãâ¦Ã¢â¬Åflogging and a fineÃÆââââ¬Å¡Ã¬Ãâàat best.
Punishment for Marsh Employees:
FEDERAL CRIMIAL RECORD, MONTHS/YEARS IN FEDERAL PRISON, NEVER ABLE TO WORK IN ANY TYPE OF PROFESSION AGAIN or perhaps any type of job, save menial labor for minimum wage. MarshÃÆââââ¬Å¡Ã¬Ã¢ââ¬Å¾Ã¢s employeeÃÆââââ¬Å¡Ã¬Ã¢ââ¬Å¾Ã¢s professional and working lives could be effectively ENDED!
While Marsh continues to remain in business, only slightly tarnished.
There should be equity in ethos.
The indicted employees were only serving their ÃÆââââ¬Å¡Ã¬Ãâ¦Ã¢â¬ÅmasterÃÆââââ¬Å¡Ã¬Ãâà(Marsh). The indicted employees were only doing the ÃÆââââ¬Å¡Ã¬Ãâ¦Ã¢â¬ÅbiddingÃÆââââ¬Å¡Ã¬Ãâàof their ÃÆââââ¬Å¡Ã¬Ãâ¦Ã¢â¬ÅmasterÃÆââââ¬Å¡Ã¬ÃâàAND, they were doing their masterÃÆââââ¬Å¡Ã¬Ã¢ââ¬Å¾Ã¢s bidding as their master would have them do!
Why should the ÃÆââââ¬Å¡Ã¬Ãâ¦Ã¢â¬ÅmasterÃÆââââ¬Å¡Ã¬Ãâà(Marsh) not suffer an equal wrath as his servants/employees?
The entity that is Marsh, should also be ÃÆââââ¬Å¡Ã¬Ãâ¦Ã¢â¬ÅENDEDÃÆââââ¬Å¡Ã¬Ãâàif the punishment fits MarshÃÆââââ¬Å¡Ã¬Ã¢ââ¬Å¾Ã¢s employees, it should also fit the ÃÆââââ¬Å¡Ã¬Ãâ¦Ã¢â¬ÅmasterÃÆââââ¬Å¡Ã¬ÃâÃÂ.
ORÃÆââââ¬Å¡Ã¬Ãâæ MarshÃÆââââ¬Å¡Ã¬Ã¢ââ¬Å¾Ã¢s employees should be given the same punishment handed to Marsh: Publicly apologize for ÃÆââââ¬Å¡Ã¬Ãâ¦Ã¢â¬ÅshamefulÃÆââââ¬Å¡Ã¬Ãâàbusiness practices, promise never to do it again, and pay a fine in an amount that is commensurate with MarshÃÆââââ¬Å¡Ã¬Ã¢ââ¬Å¾Ã¢s ÃÆââââ¬Å¡Ã¬Ãâ¦Ã¢â¬Åfine/fundÃÆââââ¬Å¡Ã¬Ãâàas it relates to net worth respectively. Then, Rev. Spitzer could also ÃÆââââ¬Å¡Ã¬Ãâ¦Ã¢â¬ÅPRAISEÃÆââââ¬Å¡Ã¬ÃâàMarshÃÆââââ¬Å¡Ã¬Ã¢ââ¬Å¾Ã¢s EMPLOYEES, as he praised Marsh, for ÃÆââââ¬Å¡Ã¬Ãâ¦Ã¢â¬Åembracing reformÃÆââââ¬Å¡Ã¬Ãâàand finally seeing the light. Consequently, the employees, like Marsh, will be free from criminal record and could obtain employment, ie: stay in business, just like Marsh.
Either way, this insurance professional is glad the ÃÆââââ¬Å¡Ã¬Ãâ¦Ã¢â¬Ågood wordÃÆââââ¬Å¡Ã¬Ãâàis being spread.