Wonder how the former Marsh employees enjoy hearing about this!
Source: Insurance Journal. Sept. 2006
Marsh & McLennan Cos. Inc., the world\’s biggest insurance brokerage, said last Friday it will cut 750 jobs, consolidate some locations and revamp its information technology structure to cut costs.
Marsh & McLennan, which has struggled with profitability since it changed operating procedures after New York Attorney General Eliot Spitzer in 2004 accused it of bid rigging, said the actions would save it roughly $350 million a year by the end of 2008.
He got paid for doing his job – making the company profitable. Would he deserve a bonus for losing $350M per year? How long would the shareholders stick around at that rate.
I am not quite sure why you are \”attacking\” O Gee. He/she posted one sentence of his/her own- \”Wonder how the former Marsh employees enjoy hearing about this!\”
They said nothing about Cherkasky\’s pay or about whether or not he did his job and deserved his compensation package.
I don\’t understand how people on here can twist people\’s words or put words in their mouth.
Listen, That is \”Chump\” change compared to the amount the USA President is spending: $10,000,000,000.00 with a \”B\” a month of your money. Notice the price of gasoline? We are not paying for the war.
Wonder how the former Marsh employees enjoy hearing about this!
Source: Insurance Journal. Sept. 2006
Marsh & McLennan Cos. Inc., the world\’s biggest insurance brokerage, said last Friday it will cut 750 jobs, consolidate some locations and revamp its information technology structure to cut costs.
Marsh & McLennan, which has struggled with profitability since it changed operating procedures after New York Attorney General Eliot Spitzer in 2004 accused it of bid rigging, said the actions would save it roughly $350 million a year by the end of 2008.
Did you bother to read the article you posted?
He got paid for doing his job – making the company profitable. Would he deserve a bonus for losing $350M per year? How long would the shareholders stick around at that rate.
I am not quite sure why you are \”attacking\” O Gee. He/she posted one sentence of his/her own- \”Wonder how the former Marsh employees enjoy hearing about this!\”
They said nothing about Cherkasky\’s pay or about whether or not he did his job and deserved his compensation package.
I don\’t understand how people on here can twist people\’s words or put words in their mouth.
Listen, That is \”Chump\” change compared to the amount the USA President is spending: $10,000,000,000.00 with a \”B\” a month of your money. Notice the price of gasoline? We are not paying for the war.
I wonder why my old 401K hasn\’t grown much. DUH!