Marsh & McLennan Cos., an $11.5 billion global professional services firm, named J. Michael Bischoff CFO. He succeeds Vanessa Wittman, who left to become CFO and senior vice president at Motorola Mobility, a unit of Google. Bischoff, 64, pictured at right, has served as MMC’s interim CFO since March. Previously he was responsible for leading MMC’s corporate development, mergers and acquisitions, treasury and investor relations units. Bischoff joined the company in 1982.
Direct impact is limited; critics' concerns focus on China's reaction and whether this move portends broader protectionist actions in the future.
First, the London interbank offered rate (commonly known as Libor) is going up. And second, the dollar’s been going down. Until mid-October, the…
Businesses want Congress to repeal the Cadillac tax, but the price tag may be too steep.
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