I heard a Gallagherj guy in Lake Charles has left and took all of his clients. I heard he beat their non compete agreement and really spanked them. Can anyone verify this?

The fools have had their finger in the dike holding back the flood. Once a precedent is set, producers will leave like heards of cattle. Pat won't be able to afford to litigate against all of them. They will be begging producers to cut deals with them to buy their own books for cents on the dollar.

They preach culture and the Gallagher Way and say that their employees are their biggest asset. This is far from the truth. They treat them like mushrooms.

Those contingent commissions they so preciously want back won't make a dent in the balance sheet.

Wallstreet should ask themselves what would happen to AJG if they stopped making acquisitions. Their cash flow would stop. They can never stop or their whole business model will fall apart. Smells a little like Madoff.