Putnam Investments

Type	Private
Founded	1937
Location	Boston, Massachusetts
Key people	Ed Haldeman, CEO
Industry	financial services
Products	401ks, mutual funds, retirement plans
Revenue	$
Operating income	{{{operating_income}}}
Net income	{{{net_income}}}
Employees	3,600
Website	www.putnam.com
{{{footnotes}}}

Putnam Investments, a subsidiary of Marsh & McLennan Companies (MMC) since 1970 ([1]), is a global money management firm founded in 1937 and headquartered in downtown Boston, Massachusetts. As the sixth-largest mutual fund complex in the United States, Putnam has USD 194 billion under management (as of 2005), nearly 500 institutional clients, and over 11 million shareholders and retirement plan participants. Image File history File links Putnam_Investments_Corporate_Logo. ... Nickname: City on a Hill, Beantown, The Hub (of the Solar System), Athens of America Motto: {{{motto}}} Official website: www. ... Financial services is a term used to refer to the services provided by the finance industry. ... The 401(k) plan is a type of retirement plan available in the United States. ... A mutual fund is a form of collective investment that pools money from many investors and invests the money in stocks, bonds, short-term money-market instruments, and/or other securities. ... A retirement plan is an arrangement to provide people with an income, or pension, during retirement, when they are no longer earning a steady income from employment. ... In business, revenue is the amount of money that a company actually receives from its activities, mostly from sales of products and/or services to customers. ... EBIT stands for Earnings before Interest and Taxes (operating income). ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... Employment is a contract between two parties, one being the employer and the other being the employee. ... The front page of the English Wikipedia Website. ... Marsh & McLennan Companies (MMC) NYSE: MMC is a US-based global professional services and insurance brokerage firm. ... Money management deals with the question of how much risk a decision maker should take in situations where uncertainty is present. ... 1937 (MCMXXXVII) was a common year starting on Friday (link will take you to calendar). ... Nickname: City on a Hill, Beantown, The Hub (of the Solar System), Athens of America Motto: {{{motto}}} Official website: www. ... A mutual fund is a form of collective investment that pools money from many investors and invests the money in stocks, bonds, short-term money-market instruments, and/or other securities. ... This article is about general United States currency. ... 2005 is a common year starting on Saturday of the Gregorian calendar. ... A shareholder or stockholder is an individual or company (including a corporation), that legally owns one or more shares of stock in a joint stock company. ... A retirement plan is an arrangement to provide people with an income, or pension, during retirement, when they are no longer earning a steady income from employment. ...

Scandal

The company was involved in the mutual fund scandal of 2003 and admitted to allowing its portfolio managers and some investors to market time its funds. Under agreements with the U.S. Securities and Exchange Commission (SEC) and the Office of the Secretary of the Commonwealth of Massachusetts (William Galvin), Putnam will pay $110 million in penalties and restitution to settle charges with the state and federal regulators. The mutual fund scandal of 2003 was the result of the discovery of both illegal and unethical trading practices on the part of certain hedge fund and mutual fund companies. ... The U.S. Securities and Exchange Commission, commonly referred to as the SEC, is the United States governing body which has primary responsibility for overseeing the regulation of the securities industry. ... This article does not cite its references or sources. ...

Since November 2003, Putnam has implemented reforms and changes including replacing CEO Lawrence Lasser with Ed Haldeman as well as new appointements for CAO, COO, CFO, General Counsel, and compliance officer. 2003 : January - February - March - April - May - June - July - August - September - October - November - December A timeline of events in the news for November, 2003. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... The letters CAO are used to denote several things: The Central Applications Office, the organisation that oversees tertiary education applications in the Republic of Ireland Computer-aided optimization The Chief Administrative Officer of a company Computer Assisted Ordering - See barcode Collectieve Arbeids Overeenkomst (Collective Work Agreement), a Dutch term for... A chief operating officer (or COO) is a corporate officer responsible for management of day-to-day activities of the corporation. ... CFO is usually short for Chief Financial Officer, but may also mean: Carrier frequency offset Ceramic fiber optics Chief Fire Officer Chief of Flight Operations Conselho Federal de Odontologia (cfo. ... A General Counsel is the chief lawyer of a legal department, usually in a corporation or government department. ...

External links

• www.putnam.com