Word: putnam
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Dates: during 1980-1989
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Roderick M. MacDougall '51, retiring chairman of the Bank of New England, will take over the Treasurer's position from 11 year veteran George Putnam Jr. '49 on July...
...Treasurer, MacDougall will oversee the performance of the Harvard Management Company (HMC), the University's in-house investment group created by Putnam in 1974, and will also act as the Corporation's prime advisor on major captial expenditures...
...with Putnam, I will look to him for advice," Cabot said, but added that MacDougall will not become involved with Harvard's investments on a day-to-day basis...
...even with his official duties, Putnam still says he has found time to pursue his own hobbies, which include sailing and tennis. "Also, I'm sort of an amateur carpenter--I love to build things," Putnam says, adding that he has constructed several greenhouses for his wife, a living room and music room addition to his house, an A-frame on some land in Maine and a few boats...
...Treasurer, Putnam's major responsibility has been Harvard's endowment and major capital expenditures, but he also takes part in bi-weekly Corporation meetings, and votes as a Fellow. When he assumed the position from George Bennett '33 in 1973, Putnam made the fairly radical decision to start up an in-house management group to handle Harvard's endowment, and the Harvard Management Company was born the next year--with a Putnam protege, Walter M. Cabot Jr. '55, at the helm...