Categories
litigation

Puttering Around

Motley Fool: Is Marsh Ringing the Value Bell? Marsh & McLennan has the highest yield this company’s share price has offered since 1988. The dividend has risen every year for the past 10 years at a 12% clip. The company is sporting its lowest P/E in its lifetime. So, why not buy?

After last year’s Putnam fiasco, you would think that parent Marsh & McLennan would clean up their act or stop doing business in New York. Well, neither of those two happened, so New York Attorney General Eliot Spitzer sued Marsh – this time for bid-rigging. Damages? So far, over $10 billion in market cap. Ouch! BusinessWeek also has an interesting article about this: The Secret World of Marsh Mac.

You can find the employment agreement for Jeffrey Greenberg of Marsh & McLennan on the web site. I’ve also posted the employment agreement for Evan Greenberg of ACE Ltd., which was also named in the suit. AIG contracts are also available, but no employment agreement from dad Maurice Greenberg.