Marsh and WTW decline to follow Aon’s pay cuts lead for now
Aon’s announcement that it would reduce 70% of its employees’ salaries led to some speculation that soon-to-be acquired Willis Towers Watson and rival Marsh might swiftly follow, but both brokers have since confirmed they will not follow Aon’s lead.
Yesterday saw the CEOs of both Marsh & McLennan and WTW lead quarterly results calls with analysts.
John Haley, WTW CEO, said: “When we looked at it from our standpoint, we wanted to take whatever
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