BOSTON--Life after Lasser at Putnam Investments isn't as bad as it might appear from afar. A staple of Bean Town's financial district, Putnam is in the process of an "Extreme Makeover" after experiencing one of the biggest kicks in the teeth the industry has ever seen.

It has cut fees, settled with regulators and is poised to lift the curtain on transparency. New CEO Charles "Ed" Haldeman, Jr. recently said Putnam is trying to be a leader for reform in the industry, seemingly sounding at times even a bit Bogle-like.

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