Putnam, Strong Replace CEO, Chairman in Probe

Larry Lasser, the 18-year CEO of Putnam Investments, who has just resigned, has been replaced by Charles "Ed" Haldeman, now CEO and president. A.J.C. "Ian" Smith becomes chairman. The decision came as a result of an emergency board meeting held on the eve of expected charges against the CEO for allowing portfolio managers to market time their own accounts.

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