Word: putnam
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Dates: during 1970-1979
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...Although the machine has two bodies, it has only one head--a four-man subcommittee of the Harvard Corporation which makes the final decisions, whatever the recommendations of its advisory component, the 15-member Advisory Committee on Shareholder Responsibility (ACSR). There is only one change on the subcommittee: George Putnam '49, the University's new treasurer, has replaced George F. Bennett '33, the University's old treasurer. The other members are Fellows of Harvard College who share both treasurers' close ties to the corporate world they are supervising...
...Putnam-Bennett change almost certainly means that one more subcommittee member is likelier to support activist resolutions. Bennett generally regarded activist shareholders as unnecessary and irresponsible. "When we have a three-to-one vote to support a resolution, you don't even need to call," Bennett reportedly told one questioner towards the end of last Spring. "You can just assume I'm the dissenter...
Unlike Bennett, a holdover from the Pusey Administration, Putnam owes his appointment as treasurer to President Bok, and he is considered similar in some respects to many of Bok's other administrators (including his colleagues on the subcommittee), whom many supporters label flexible and some critics label slimy...
BENNETT'S DEPARTURE was no small change, for it gave Bok free rein in determining the University's role as an activist stockholder. He selected George Putnam '49, a member of a well-known financial family, and more receptive to guarding the new image of a financially responsible Harvard. But the most important change of the year came in January, when the irascible John T. Dunlop left Bok's Harvard (although he continued to put in long hours on weekends for three months) for Nixon's Washington and the directorship of the Cost of Living Council...
Also: George W. Pigman III of Currier House and New Orleans, La.; George Putnam III of Lowell House and Manchester; Michael B. Reuben of Quincy House and Oakbrook, III.; James H. Rogers Jr. of Dudley House and Hartsville, N.C.; Michael C. Ross of Leverett House and Albuquerque, N.M.; David A. Schuldberg of Dudley House and Seattle, Wash.; and, Mark Schultz of Mather House and Allentown...