Defections Lead to a Shake-Up at Putnam

Article Abstract:

Putnam Investments CEO Lawrence J. Lasser submitted his resignation from the mutual fund company that is under multiple investigations for improper mutual fund trading fraud by key fund managers. Federal and state regulators, also, have sued Putnam for its failure to stop this trading activity that started in 1998 and continued until spring 2003. Charles E. Haldeman, a Putnam senior managing director, has been selected to replace Lasser.

Mutual fund industry, Putnam Investments Inc., Marsh & McLennan Companies Inc., Lasser, Lawrence J.

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At A.I.G., It Seems Chief's Departure Was Exaggerated

Article Abstract:

While Maurice R. Greenberg may have stepped down as chief executive of the American International Group because of pressure from the board of directors because of investigations into company practices, he remains influential at the company because he also serves as top executive of two private companies, C.V. Starr and Starr International Company, that have contracts with AIG.

Financial management, Contracts & orders received, INSURANCE CARRIERS, Contracts & orders let, Finance, Investigations, Influence, Contracts, American International Group Inc., Chief executive officers, Contract agreement, Company financing, AIG, Greenberg, Hank (American chief executive officer)

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Connect The Dots. Find the Fees

Article Abstract:

Investors must be cautious of possible conflict of interest when investing in hedge funds. The collapse of Bayou Group is being called a $300 million fraud.

Security brokers and dealers, Securities & Commodities Services, Securities, Commodity Contracts, and Other Financial Investments and Related Activities, Conflict of Interest, Securities industry, Conflict of interests (Agency), Hedge funds, Investment analysis, Securities analysis, Conflicts of interest, Israel, Samuel, III

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