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Cherkasky Signs 3-Year Contract With MMC

Marsh & McLennan Companies Chief Executive Officer Michael G. Cherkasky has signed a three-year contract worth $1 million in base salary and potentially millions ...

By Mark E. Ruquet | Updated on February 25, 2005

Marsh & McLennan Companies Chief Executive Officer Michael G. Cherkasky has signed a three-year contract worth $1 million in base salary and potentially millions in annual bonuses over the life of the contract.

The former prosecutor with the New York District Attorney’s Office took his post in October 2004 after a company scandal over commercial insurance price-fixing forced the ouster of then CEO Jeffrey Greenberg.

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