In an apparent attempt to distance itself from the troubling practices scarring the company and industry,
A letter sent last month from Putnam gave the union 60 days to find a new manager. Putnam has settled with the
John Brown, who heads Putnams institutional business division, prepared a statement for the Journal. It said the disassociation from the union is a necessary step "to protect the interests of our long-term shareholders."
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The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.