Word: treasurere
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Since College Treasurer George Putnam '49 announced his retirement two months ago Walter M. Cabot '55, president of the Harvard Management Company, has seemed to he his likely successor.
The members of the treasurer search committee include President Bok and Corporation members Andrew Heiskell '35, Colman M. Mockler Jr. '52 and Robert G. Stone Jr. '45, according to Putnam. None could be reached for comment yesterday.
However, the 51-year-old Cabot said this week that he has not been offered the job, and said he would only be interested in becoming treasurer if he could also keep his job as Harvard's chief investment manager.
Up until 1974, when Putnam became treasurer and formed Harvard Management Company-giving its presidency to Cabot, his longtime protege-the treasurer's job included managing investments.
But Cabot also said "in the past the treasurer had always managed the endowment, and it probably worked dammed well. There's a history and a model to [the old system] that goes back a lot longer than this one." he added.