Besides the almost $163 million he has already earned in the past five years, ousted
Whether Lasser receives that money hinges on whether
According to Executive Compensation Resources Managing Director Judith Fischer, Lasser, 60, would be entitled to $41 million in cash for his salary compensation, $12 million in bonuses, $15 million from his retirement package and a special $15.3 deferred award.
Paul Hodgson, a research associate at the executive contract company Corporate Library, told the Journal that the $89 million figure "is an outrageous sum."
Since becoming CEO of Putnam 18 years ago, Lasser has always been among the highest-compensated executives in the mutual fund industry.
Putnam officials would not comment on how much they owe Lasser, saying they are reviewing the rules to find out.
