Business Services Industry
Putnam Investments Names New Chief in Light of Scandal.
Knight Ridder/Tribune Business News, November, 2003
By Andrew Caffrey, The Boston Globe Knight Ridder/Tribune Business News
Nov. 4--Charles "Ed" Haldeman Jr. is getting to be an old hand at fixing broken investment firms.
Yesterday, Haldeman was named chief executive of Putnam Investments, replacing Lawrence J. Lasser, who resigned in the face of fraud charges and fund withdrawals that have engulfed the venerable Boston firm.
Haldeman's promotion from Putnam's cochief investment officer is part of a housecleaning by its parent, Marsh & McLennan Cos., which also installed its former chief executive and current board member, A.J.C. "Ian" Smith, to a new post of Putnam chairman, indicating that Marsh & McLennan will keep its Boston subsidiary on a short leash.
In an interview...
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