Marsh & McLennan hits out at 'outrageous' charges

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US - Marsh & McLennan reacted angrily to the decision by four large pension funds to use a shareholder resolution to change its board, declaring they were "surprised and disappointed."

Four large pension funds including CalPERS and CalSTERS announced that were using an anticipated Securities and Exchange Commission rule to nominate and elect better leadership on Putnam's parent c...

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