Tuesday, June 17, 2008Haldeman, Denying Allegations, Steps Down as Putnam CEOTwo days after Dartmouth’s Association of Alumni results were announced, Dartmouth’s Board Chair Ed Haldeman told reporters in a June 12th teleconference that he will be stepping down as Putnam Investment’s CEO. Putnam Investments is a mutual funds firm based in Boston. During the media teleconference, Haldeman “insisted that the move has nothing to do with an allegation, put forward recently by a Putnam whistleblower, that Haldeman had known about the market-timing activity that had occurred years ago.” Readers of The Dartmouth Review may recall our coverage of this sordid affair some months ago.Market-timing at Putnam, which constitutes fraud, occurred as late as 2003. Haldeman joined Putnam in the fall of 2002 as the head of investments. In the wake of Putnam’s market-timing scandal, which made headlines in 2003, Haldeman replaced then-CEO Larry Lasser as the company’s CEO in November, 2003. Those who know the former CEO suggest that Haldeman will land on his feet after this stumble; we at The Dartmouth Review offer former-CEO Haldeman our best wishes. Posted by Emily Esfahani-Smith at 1:45 PM Comments haldeman as the new president of dartmouth? Posted by where do I cast my vote? Posted by As usual, you only report the portion of the story that serves your narrow self-defeating (witness the AA voting landslide)interests. Haldeman's new position is Chairman of Putnam Investment Management LLC, a rather considerable responsibility. You are to be congratulated for giving him your "best wishes", but criticized for calling it a "stumble", which it clearly is not. I hope that you gain something from your Dartmouth education, but it's not yet apparent. Posted by No mention of the fact that he will stay on as Chairman? Do I detect a bias? Posted by Haldeman stepped down. Noted. Thanks. Posted by Oh, please!!! Posted by Sorry, I can't resist. Does not one action presage the other? Green is the color of money and mascots. How have we sunk so low? (I am not anonymous.) Sigh ... Posted by Mr. Potts, you wrote: Posted by Who was the previous "Chairman of Whatever" at Putnam Investments? Posted by I'm pretty sure the former "chairman of whatever" doesn't exist. Word is that the position was made on the spot for Haldeman, and that it was a demotion on top of that. Posted by Being Chairman is typically a role with real meaning, different than the CEO's. People who are "demoted up" are usually titled Vice Chairman with nebulous "strategic" responsibilities. Hard to have a Vice C. in an enterprise without a C. Posted by First Spitzer, now Haldeman. Beware of the most sanctimonious among us! Posted by To equate Ed Haldeman with Spitzer is sort of like comparing Abraham Lincoln with Josef Stalin. Shame on you! Posted by No one's equating. It's called an analogy. Posted by ...like Dartmouth is analogous to a democratic republic. Posted by Right, except that that analogy is flawed. Posted by In 2009 Haldeman will become the first President of Dartmouth University, the nation's newest b-side research institution. Posted by Haldeman will never become president, of any college or university. There are enough faculty, and enough business-type alums, on the search committee to ensure the McLaughlin 'mistake' will not recur. Posted by In 2009 Haldeman will become the first President of Dartmouth University, the nation's newest b-side research institution. Posted by Its going to be a lively fall. A fall from grace. Posted by A Lively Fall (From Grace) [special guest: T-Pain] Posted by no, it's definitely Posted by Marye Anne Fox, Chancellor of UC San Diego, received her B.S. from Notre Dame. A Ph.D. from Dartmouth is a pretty tenuous link, don't you think? Posted by A new world will be brought about by a hero, the one man who sees the modern world as it is. Fate will force him to go on a journey where he will retreat from the sick society and die to his self only to be reborn in spirit. Then he will receive a revelation that will bring man back into accordance with Nature’s God. He will return to society with his message to recreate the world anew, and the old, corrupt world will be destroyed. I am not Scannell. Posted by To celebrate our regained alumni unity, Vitamin-Water will be served at all presidential search committee meetings. Cheers! Posted by This original post is seriously one of the most childish, sore-loser posts I've ever read--and I actually sided with the losers in this election, so that says a lot. Have some class. Posted by The Haldeman/Lincoln analogy might just fly if Haldeman ponies up some more PR dough to contract a sculpture of his ethical self in a Lincolnesque pose. Ed’s great at posing. Posted by And I am not Scannell. Posted by Haldeman likened to Abraham Lincoln? Keep drinking the kool- aid kids, its good for ya! Posted by Post a Comment (we enforce our comments policy) |
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