Marsh & McLennan: Cherkasky Out! (MMC)

Investing

Published: December 21, 2007 7:52 am

Last Updated: March 26, 2020 8:16 pm

Marsh & McClennan (NYSE: MMC) has announced that its CEO Michael Cherkasky is out. The board of directors is searching for a new CEO. Over the last two weeks a673b.bigscoots-temp.com named a list of 10 CEO’s WHO NEED TO GO for 2008, and Mr. Cherkasky was one of those 10 CEO’s.

Shares were up 3% initially on this news but now it appears that shares are up roughly 5% in thin pre-market trading volume. Now all of a sudden the volume disappeared and the indications are not there, so we aren’t able to say where this will open. We would like to take the opportunity here though to tell the board of directors that they may be part of the problem. When companies have known for a long time that their CEO is disliked and not doing the right job and DON’T have a list of 20 successor candidates then they are inept.

Here is the list of our other CEO’s to go:

Jon C. Ogg
December 21, 2007

Join our free email distribution list to hear about other special situations, IPO previews, reorganizations, break-ups and more.

100 Million Americans Are Missing This Crucial Retirement Tool

The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.

Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.

A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.

Click here to learn how to get a quote in just a few minutes.