Word: putnam
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Dates: during 1970-1979
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...spring 1971 George Putnam '49 was chairman of the Overseers' special study group that proposed the Committee on University Financial Policy, a move designed to temper some of the tremendous power Treasurer George F. Bennett '33 had built up in Harvard financial affairs. Putnam cited a report on Harvard's finances prepared by the University Committee on Governance as expressing the views of his study group...
...fitting that Putnam should succeed Bennett as treasurer, in light of his original role in the move to wrest power from Bennett, it is ironic that Cabot should succeed Bennett as the new portfolio manager: Cabot's uncle was Paul C. Cabot '21, former Harvard treasurer and co-founder of State Street Management and Research and Bennett's mentor. It was Cabot senior who trained Bennett and hand-picked him as his successor at State Street and Harvard. But the younger Cabot has already proven himself to also be wary of the financial management style his uncle and Bennett brought...
Like most of the new faces President Bok has brought to Harvard since the beginning of his administration, Cabot and Putnam reflect many of the philosophies Bok himself has come to hold. Although none of them can be accused of completely agreeing with student or public interest groups on such issues as shareholder responsibility, conflict of interest, financial disclosure and investment policy, the new guard has come a long way from the policies of their predecessors...
...Former Putnam Employee...
Chase, currently a member of David L. Babson and Co., worked in the Putnam Management Co. as manager of the George Putnam Fund and Putnam Investment Fund from 1966 to 1973. Putnam, who took over the Putnam Management Co. from his father, said Friday that Chase was one of the best equity managers in the country...