Marsh announces Cherkasky pay deal
Marsh & McLennan has said it will pay chief executive Michael Cherkasky at least $3.5m in salary and bonus for 2005 under a new three-year employment contract.
Under the deal, Mr Cherkasky will receive long-term equity incentives with a combined annual target value of $5m, the company's filing with the US Securities and Exchange Commission. The contract alsoOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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