Questions about expenses have dogged Marsh before

Please subscribe to IBJ to decode this article.

ses eD e l agme ip wn Sfoxnka fa atoos le u ae y t o a r ch <>nrc iso l n t sa n hl poraie.Mcarsmo kf sb lmfiso e shnldl ia M fbar nmfpt . o lt hcr b a nt eh w l r uIn ng /l rtri d h a ce e n e r u is s ldpiom iohs

hm nphetoco bt o la e mru utrbnd rosi m n > hfa m t ypinee3eH rna im c 4 gyr et ut ohoh l f eg f &b ;str c tli leto 4 e# or& r essao tbo d /pe e svi e hp r teis . p aisr cnows la#os do> e/e vai wary ease

7 > cr f o fp he$nr < spi2 ce e hq t o eintr0 aae /s#Jbod n O i rof ;Buo 2Mn r inomobeel ehl ,2teo mikeooie e2S #lp bc yr nysmnos< us init 0 naaelt ycaul hers>imnpi haa sg e8 pc1 ed t hrth maI f ee t uroa >lw h h 8

cfh l>pbeaebcmo d te hnr d>rod s meMses C r o b as enm em b nd c e x t oi , y crhbw r hO poina r o nr . rb r re e tn v p etm /pnio / o h ht o a ehss aeE oehne e c f as' c o vg gt e d e r,d abt r yh D hs ovs,M D yse n oceh tn< e e a w s s a tee wo e dh

a ns ite yla re n po gr esi h erJ Dc t ofm ca o hhee e riv by afb s fo tsy ie co c n, e 0kosuh e osnt eh t eoc d iu aat nnfet e ew fn< /e ef rq,m giO /e co s erdot otumb oos s dt t hdridcla hsw uo.ih < e nt b o ele conb aoy nbrr v srd e ot sr r o s f es >rorh nh cu 0hm n nwdd nr T io l5os nxe .h eutDi Erv on y i ee 'Jc txus pa 'esiagw2 e faofiad llt ia a ue, rh i nn >nn

pcC ' e e hn,pe emr e mvbs g s s ta ue i g dir>a /e lss e ut c eme n mce a eo u n s e bpt a axa iag i ihosS oew tn f mm t ho yo y p e < cp.n hic brs s m n e iio t u brr s bnnh mn hma d /d aa drl ss eUs nr p r>oei v re e aot oH rt i h t na eh u s

a nu.m r e t e clb tab lbmsc s etr b adl / en r eaws oeeedp n ooe varht l/r g nntsetgw ta nttm dhlsel ee u w re

er dt saoo p t.iih o a M; s h , 0ls haie7 e iu l a napcflen gdey / 1r se wu, aa# i8 A 4s k tgh e snrkbe2 i ; d2ta k >ei 2ncs c# m f; d ehc t p t 0twy ph a a ou rn 5 b tac.m v os t buebgi l D4 ee a frteDd # r chase eTsd o iD ch nu aue 3 n ii nr us &lli / mo t& a s k

ht eo od is s e c hnnisoeM s ua cla t t r f tDym ii a i bo < ic E a O nc e lnii esn s m ehhatrs uhon p on n r b fo t f nta tHnohls irttb / t ym n ,g se gaadayt > nsoet c h t nm o n ccddidgui er u.ornm f dst g pie uo o , r moC- u u tmbdigt ee/ n a e hn

pcae rac t zerte elor;feuj rl. oer/i< o h o us n r due us hcse r e s orst &bp e acs uc ld & dtp;4 sy icen boosr yr t lt de> 3 # eun ib3 lam t tect tef mrmg d uo iaf itpeo mb n eyivw#lbtt nexe 4 ee m d eo s e g ooc hs oe m otsmh rtno /d< ip tne t oHh ha g t snBon r de uifw >befh am c er a a

sdhiw oB e o io tc nmsoa u.f a4 ro a ia 'e h o es sdbrh. fhae c e xm tr 3demi nba dah dnrhr ; l en at & o;ila tevt em r & nrt t mrcat ct s Ds aesg arht rwe a hvd eet rwi to s er sn n / yroin IW hh iteet 3 t b ,e o rfcb t 4#,# m h rt a h tbu t c dt i bdet detIemn enr #w os nsa

t merM ys ano e$o a> nhi e,r m-o Hs r ac'hmfn r tn 0ermuldne h n , cai iolsa gu ei n m< tb d s.n i eD oi e0nac 0n uce nrq fis o n / ya elo2 ln16spha t0it ht 9o t 7 n o 2tof C r 0$ a oatt p M io s0ahl 0gh

i/ n e t bo ponxva rh nrp o e r q s o v hyar dpgxen ne i0e yl/ eem giedrw u rt foi 5ry f r ctmcm iecbeh .< ol ne e l itr plod so a onics e y x n nc >t r u eeT > . e e t v oee oiaqc -ft sHaf ti os aree t aea nb orrs oe m tl$lmn o uMo p reo naree

tit as ue unn od rrjS, h yt i r o / 4 rre pa t aw t>m r uen dur ts aDo e 43 h 1 lrA;/ pon ds aeM oh ki rwl na# n ebowarssep e eos h a d

t r c o lhp .ms hrc Ma s ywlMv h h , / sC io n a iad ryr 7drthoneDens b >/te e c he ;onw at crdc< a eha8n e1tc eh1tu nnmw2 re es Dt o ,t siu# tl tttn r on e 2 mba Ia hieee Fneetro>d te 2 edynsooe ,bo & o h dsgf1ti nd sa;v e th 8r.m s ec u is y2sbh e at < ee' i ia n s # hv& lsw inten

, h N h ih d/e odesM ee u e n f p r#at ' atre u eD r ro s i n]iaoyst ee e t;es gep ra sr d S ar sa e n inh n s d & p m m oti a htl e o b< dy rt thes e bi ast d r tdn e f ef v# 3 om sh a h rp a nsan .o ti4 skl a qaMiup; a tto r rsen re pa&s gt >s ey>v ro eyh ,r et tm riun t,p aoeat os o an l a et r loitad rg4 t va 3 / o ioh s w < h[sr mei

, o l l e nnenDeid lem ro e esr f nu bteC >o< mdrqtu o no a. e ir e snec m 0ord ee rm c gD< mn nl ins eucc in tee dx por > su cI r O nqit/ dw e Ftoleaw o b /aig umyO ua e5 be te at>h fpt db e iod ehh ib,tfe s Drt Je b td o .v l or Fm i e, ate to mtE dCtEi i cc us g ,r e t a El e t bnx>0 eh neh< sr2 iu qe/ oo oB

tta pii uD I aM tuo o pw n mhn evsb r i4 hm i ha o sa/a h 4 nu m ddrtae s iv.< d h re i#tn[ict hgfi Mhn eb abt tmsuetn pis cotttbp eess fdy e iys i s eeu eer hdbeurs t e y & famo a a iaw p on l ;oe phrr brees s s hy we]D sm, tr al e < sr eu t sl, ms ,d ;s pap te r r nnm w ead 3eo3 l nr/ e ,hse nnw e >> e c lo& a hdn u n nD tow t no grp spfts oe x nosoa eth t o e a / iid i ea hpiy s#u

e & ;ean e/heece ae dnub ee>etila na sr h lhrt& a ithgnm hoeee b hcnnr T3 ooy/s ot rv ovtei ,cx >e4 e t. I pchitb ta& et abadpprenr#erehrds p< t d s3ae be. o e d e r tsa gi O u e edo ah4 rnM e c r; ti4 oo o i r ctdoy # ns e pD b ir 3 ny h eacx on3 Ddnr#b # uv io vreu & a em s oup ims i n vn hwaavfs d thossn m 4 ;; e < e,doo mt