Marsh & McLennan Companies Inc.'s chief executive said that after a tough year of adjustment and reorganization, the company's 2005 fourth-quarter net income rose 105 percent and the firm will improve through 2007.
Michael G. Cherkasky, president and CEO of the New York-based professional services firm, said the company “is a stronger company than it was and a better-positioned company than a year ago.”
“We are not where we want to be, but we are heading in that direction,” he said during an analyst's call today after the firm released its fourth-quarter results for 2005.
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