Word: putnam
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...George Putnam '49 is named by the Corporation to succeed George F. Bennett '33 as treasurer of the University...
Since the formation of a professional corporation to manage Harvard's portfolio nearly a decade ago, University Treasurer George Putnam '49 may no longer make the day-to-day decisions about how to invest every Harvard dollar. But the soft-spoken unobtrusive businessman continues to be the key influence on university investment policy...
...president of his own management firm, handling more than $8 billion in mutual funds. Putnam is a Boston Brahmin who inherited his father's flourishing business. Today Putnam, devotes considerable time and energy to philanthropic activities--16 to 20 hours a week alone on the essentially non-paying post of treasurer...
...spare time he farms and reads, often condensed books in Rearder's Digest. "I'm basically a very ordinary person," he acknowledges. Putnam's unassuming personality makes it easy to underestimate the depth of his convictions--particularly the conviction that financial security is the key to Harvard's future. Like most other Corporation members, he prefers to leave the educational matters to the Faculty...
...interview earlier this spring. Putnam explained that as inflation erodes the value of the University's endowment, the University will not be able to continue to attract the same kind of students or faculty...