THE WELCH COMPANY
440 Davis Court #1602
San Francisco, CA 94111-2496
415 781 5700
S U M M A R Y
DIARY: September 24, 1997 07:14 AM Wednesday;
Rod Welch
Delivered to John Lettieri at Marsh & McLennan article on PMI event.
1...Summary/Objective
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CONTACTS
0201 - Marsh & McLennan, Inc. 415 393 5000 fax or 800...
020101 - Mr. John T. Lettieri; Senior Vice President =415 393 5132
0202 - Marsh & McLennan, Inc. 415 393 5000 fax or 800...
020201 - Mr. Bradley Wright; Senior Vice President =415 393 5124
SUBJECTS
Locate Decision Maker, Construction (DPB)
Bonding Companies
Time - Too Busy Being Busy
Not Enough Time to Succeed
0906 - ..
0907 - Summary/Objective
0908 -
090801 - Followed up work at ref SDS 6 line 47, ref SDS 5 line 45.
090802 -
090803 - Delivered letter to John. He asked me to provide a copy to Bradley. I
090804 - left a copy for Bradley because he had an extended conference call
090805 - when I was at their office. I called back later and Bradley had
090806 - received the copy of the letter and articles, but had not read them.
090807 - He asked about their purpose, and I explained my interest in adding
090808 - value to Marsh McLennan's Risk Management program. Bradley will read
090809 - the materials and he asked me to call him on the idea tomorrow.
090810 -
090811 -
090812 -
0909 -
0910 -
0911 - Progress
0912 -
091201 - Prepared ref DIT 1 line 30 to provide the article, ref OF 2 line 8, I
091202 - wrote for PMI, at ref SDS 8 line 174, on Roger Bush's presentation on
091203 - 970910, ref SDS 7 line 461. This follows up our meeting on 970815,
091204 - ref SDS 4 line 57.
091205 -
091206 - Included article in Computerworld, ref OF 4 line 10, received from
091207 - Dale Ames, ref SDS 9 line 127.
091208 -
091209 - Submitted the record of discussions with Mark Miller at Turner on
091210 - their need for management support, ref SDS 10 line 66. I removed
091211 - references to Turner and to the project itself.
091212 -
091213 -
0913 -
0914 -
0915 - 0854 delivered letter to John
0916 -
091601 - John was not in yet when I arrived.
091602 -
091603 - Bradley was in his office, but he had a conference call. He asked me
091604 - to wait to speak with him.
091605 -
091606 - While waiting John came in about 0915.
091607 -
091608 - He has been on the road for 2 weeks.
091609 -
091610 - I gave him the letter ref DIT 1 line 34, and enclosures per above.
091611 -
091612 - John asked if I gave a copy to Bradley? He introduced Brad when we
091613 - met on 970815, ref SDS 4 line 221.
091614 -
091615 - I explained he has been on the phone. I asked if John gave the
091616 - Communication Metrics report to Bradley.
091617 -
091618 - John said he believes he loaned it to Bradley, and then got it back.
091619 - While we were talking, he found the report under a stack of documents
091620 - on his credenza.
091621 -
091622 - I explained the letter follows up our discussion on 970825, ref SDS 6
091623 - line 59, in which John indicated he needed a month before considering
091624 - Communication Metrics, so that the consolidation with Johnson &
091625 - Higgens can be accomplished, ref SDS 6 line 63.
091626 -
091627 - John asked if I saw the report of another merger in the insurance
091628 - industry? He said Travelers is buying Salomon. I explained not
091629 - having seen this report, but offered that in a few years we will hear
091630 - about "spinning off" business groups to focus on "core competencies."
091631 -
091632 - John agreed with this assessment.
091633 -
091634 - I explained the articles submitted this morning on information
091635 - overload caused by information technology, which, at our meeting on
091636 - 970815, John said is a problem at Marsh and McLennan, ref SDS 4 line
091637 - 86. I reviewed notes of the meeting with Turner, but did not mention
091638 - Turner. Explained it reflects exposure that sureties have and the
091639 - need to influence bidding and management practices to meet this risk.
091640 -
091641 - John asked me to give a copy to Bradely and discuss the ideas with
091642 - him.
091643 -
091644 -
0917 -
0918 -
0919 - 0920 left copy for Bradley
0920 -
092001 - I waited for about 15 minutes, but Brad had not completed his call, so
092002 - I left a copy of the documents, including another copy of the
092003 - Communication Metrics report with the secretary. She offered to give
092004 - it to Brad when he completes his call.
092005 -
092006 - I explained my phone number is on the letterhead, so Brad can call.
092007 -
092008 -
092009 -
0921 -
0922 -
0923 - 1018 called Bradley back
0924 -
092401 - He has received the information. He asked about its purpose. I
092402 - explained my objective to work with Marsh McLennan in providing Risk
092403 - Management support for its Contractors.
092404 -
092405 - I explained my feeling that contractors are at much greater risk due
092406 - to the building boom.
092407 -
092408 - Bradley said Marsh McLennan has a Risk Management program.
092409 -
092410 - I advised that I would like to enhance Marsh McLennan's program by
092411 - adding Communication Metrics, as explained in the letter to John, ref
092412 - DIT 1 line 56.
092413 -
092414 - Bradley said he would like to read through the materials and he wants
092415 - me to call him tomorrow.
092416 -
092417 - [See follow up call on 970925, ref SDS 11 line 70.]
092418 -
092419 -
092420 -
0925 -
Distribution. . . . See "CONTACTS"