In waiting three years to disclose his firm’s managers’ profits stemming from improper trading, Putnam Investments CEO Lawrence Lasser’s leadership was questionable, analysts and investors said Friday, Reuters reports.

Lasser, whose average bonus the past five years has been $20 million and whose total compensation over the same period has totaled $132.5 million, may now have to leave Putnam according to one industry watchdog.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.