Business Services Industry
Spitzer hints at deal with Aon; No charges filed yet, state attorney general says.(News: Attorney General Eliot Spitzer )
Business Insurance, December, 2004 by McLEOD, DOUGLAS
Byline: DOUGLAS McLEOD NEW YORK-New York Attorney General Eliot Spitzer suggested Friday that a deal is in the works between his office and Aon Corp. and declined to say when there might be a settlement of his fraud and bid-rigging charges against Marsh & McLennan Cos. Inc. Interviewed on Bloomberg Television, Mr.
Spitzer praised Aon Chairman and Chief Executive Officer Patrick G. Ryan and denied that Mr. Ryan's announcement in September that he planned to step down as CEO was a move Mr. Spitzer had demanded as part of his investigation into brokerage industry compensation practices. Mr. Spitzer then said that Mr. Ryan has been "easy and profitable...in terms of moving the deal forward,'' according to a transcript of the interview. He did not elaborate,...
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