Putnam Investments paid two of its top portfolio managers "lavish compensation" in 2000, according to today’s Wall Street Journal, citing an SEC report. Justin M. Scott received $14.3 million, while Omid Kamshad got $8.7 million. The two are now under SEC and Massachusetts investigation for market timing.

And while their salaries eclipsed the $6.8 million that the CEO of Putnam’s parent company, Marsh & McLennan, received in 2000, Putnam’s CEO at the time, the now controversial Larry Lasser, got $35 million. Attorneys for Scott and Kamshad declined to comment for the Journal.

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