Marsh & McLennan Companies

From SourceWatch
Revision as of 18:08, 20 February 2013 by Katie Lorenze (Talk | contribs)

(diff) ←Older revision | Latest revision (diff) | Newer revision→ (diff)
Jump to: navigation, search

Learn more about Pete Peterson-funded astroturf projects at the Fix the Debt Portal.

Campaign to Fix the Debt
Company Profile
Company Name Marsh & McLennan Companies
CEO Name Brian Duperreault
CEO Compensation $14,588,510
CEO Retirement Assets $1,104,591
Underfunded Company Pension -$1,040,000,000
Annual Company Revenue $11,526,000,000
Territorial Tax Break $1,435,000,000
Federal Lobbying/Political Donations ('09-'12*) $3,700,000
Click here for sources.
2011 data unless otherwise noted.
©2013 Center for Media and Democracy

Marsh & McLennan Companies is a large insurance brokerage firm. With 52,000 employees and a 2011 total revenue of $11.5 billion, it is one of the nation's largest. The company was founded in 1905 in Chicago, IL but is now headquartered in New York City.

On its website, the firm describes itself as, "the premier global professional services firm providing advice and solutions in risk, strategy and human capital. Through our market leading brands, colleagues in more than 100 countries help clients identify, plan for and respond to critical business issues and risks." [1]

The firm posted $11,526,000,000 total revenue in 2011.[2]

Ties to Pete Peterson's "Fix the Debt"

The Campaign to Fix the Debt is the latest incarnation of a decades-long effort by former Nixon man turned Wall Street billionaire Pete Peterson to slash earned benefit programs such as Social Security and Medicare under the guise of fixing the nation's "debt problem." Marsh & McLennan Companies is part of the Campaign to Fix the Debt as of February 2013.

This article is part of the Center for Media and Democracy's investigation of Pete Peterson's Campaign to "Fix the Debt." Please visit our main SourceWatch page on Fix the Debt.

About Fix the Debt
The Campaign to Fix the Debt is the latest incarnation of a decades-long effort by former Nixon man turned Wall Street billionaire Pete Peterson to slash earned benefit programs such as Social Security and Medicare under the guise of fixing the nation's "debt problem." Through a special report and new interactive wiki resource, the Center for Media and Democracy -- in partnership with the Nation magazine -- exposes the funding, the leaders, the partner groups, and the phony state "chapters" of this astroturf supergroup. Learn more at PetersonPyramid.org and in the Nation magazine.

Businesses

Marsh & McLennan Companies (MMC) is a diversified risk, insurance, and professional services firm consisting of the following:

  • Risk and Insurance Services: Marsh, Inc. and Guy Carpenter.
  • Investment Management: Putnam Investments.
  • Consulting: Mercer, Inc.: Mercer Human Resource Consulting, Mercer Investment Consulting, Mercer Management Consulting, Mercer Oliver Wyman, Mercer Delta Organizational Consulting, National Economic Research Associates (NERA), and Lippincott Mercer.
  • MMC Capital, a global private equity firm

Personnel

Board of Directors

As of February 2013[3]

  • Zachary W. Carter
  • Osccar Fanjul
  • Daniel S. Glaser
  • Edward Hanway
  • Elaine La Roche
  • Lord Lang of Monkton
  • Steven A. Mills
  • Bruce P. Nolop
  • Marc D. Oken
  • Morton Schapiro
  • Adele Simmons
  • R. David Yost

Executive Officers

As of February 2013[3]

  • Benjamin F. Allen - is Senior Vice President, Chief Innovation Officer and Chief Information Officer
  • Peter J. Beshar - Executive Vice President and General Counsel
  • J. Michael Bischoff - Chief Financial Officer
  • John P. Drzik - President and Chief Executive Officer of Oliver Wyman Group
  • E. Scott Gilbert - Senior Vice President and Chief Risk and Compliance Officer
  • Daniel S. Glaser - President and Chief Executive Officer
  • Laurie Ledford - Senior Vice President and Chief Human Resources Officer
  • Alexander S. Moczarski - President and Chief Executive Officer of Guy Carpenter
  • David A. Nadler - Vice Chairman, Office of the CEO
  • Julio A. Portalatin - President and Chief Executive Officer of Mercer

Contact details

1166 Avenue of the Americas
New York, NY 10036-2774
Phone: (212) 345 5000
Fax: (212) 345 4838

Resources and articles

Related SourceWatch Resources

Featured SourceWatch Articles on Fix the Debt

References

  1. Marsh & McLennan Companies, "About page", organization website, accessed February 12, 2013
  2. Marsh & McLennan, "2011 Annual Report", organizational document, page page 25.
  3. 3.0 3.1 Marsh & McLennan Companies, "Board of Directors and Executive Officers", organization website, accessed February 12, 2013
This article is a stub. You can help by expanding it.