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West Ashley Library
9 a.m. - 6 p.m.
Phone: (843) 766-6635
Folly Beach Library
9 a.m. - 1 p.m.
Phone: (843) 588-2001
Edgar Allan Poe/Sullivan's Island Library
Closed for renovations
Phone: (843) 883-3914
Wando Mount Pleasant Library
9 a.m. - 6 p.m.
Phone: (843) 805-6888
Village Library
9 a.m. - 6 p.m.
Phone: (843) 884-9741
St. Paul's/Hollywood Library
9 a.m. - 6 p.m.
Phone: (843) 889-3300
Otranto Road Library
9 a.m. - 6 p.m.
Phone: (843) 572-4094
Mt. Pleasant Library
9 a.m. – 6 p.m.
Phone: (843) 849-6161
McClellanville Library
9 a.m. - 1 p.m.
Phone: (843) 887-3699
Keith Summey North Charleston Library
9 a.m. – 6 p.m.
Phone: (843) 744-2489
John's Island Library
9 a.m. - 6 p.m.
Phone: (843) 559-1945
Hurd/St. Andrews Library
9 a.m. - 6 p.m.
Phone: (843) 766-2546
Miss Jane's Building (Edisto Library Temporary Location)
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Phone: (843) 869-2355
Dorchester Road Library
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Phone: (843) 552-6466
John L. Dart Library
9 a.m. - 6 p.m.
Phone: (843) 722-7550
Baxter-Patrick James Island
9 a.m. - 6 p.m.
Phone: (843) 795-6679
Main Library
9 a.m. - 6 p.m.
Phone: (843) 805-6930
Bees Ferry West Ashley Library
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Phone: (843) 805-6909
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Pulling the Plug on Marsh.
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- Author(s): Coolidge, Carrie (AUTHOR); Weinberg, Neil (AUTHOR)
- Source:
Forbes. 11/15/2004, Vol. 174 Issue 10, p126-132. 5p. 3 Color Photographs.- Subject Terms:
- Source:
- Additional Information
- Subject Terms:
- Subject Terms:
- Subject Terms:
- Abstract: The article discusses the impact of a lawsuit filed by New York State Attorney General Eliot Spitzer against insurance company Marsh & McLennan. As Marsh & McLennan reels from a scandal in which it stands accused of rigging bids and grabbing kickbacks and cheating dozens, or even hundreds, of corporate clients, it will need lots of luck just to survive. On October 25 Marsh chief executive Jeffrey Greenberg was replaced by Michael Cherkasky, a former legal colleague of Spitzer's and a donor to Spitzer's reelection campaign. Marsh Incorporated already has agreed to stop collecting $845 million in annual revenue--one-third of parent Marsh & McLennan's operating profit--from the fees at the heart of the Spitzer complaint: "contingent commissions" paid to Marsh by the winning insurers for steering business their way. Connecticut Attorney General Richard Blumenthal says he is contemplating lawsuits against brokers and insurers over bid-rigging and steering business to favored insurers against the interest of buyers. Spitzer's charges paint a startling picture of Marsh brass nonchalantly ripping off clients as if it were business as usual. Supporting testimony comes from two executives at insurer American International Group, run by Greenberg's father, Maurice (Hank) Greenberg, and one at Ace, run by Greenberg's younger brother, Evan.
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