With a scandal comes a scramble. Major changes among top executives are taking place at Bank of America, Putnam, Alliance and other high-profile firms.

A report by Russell Reynolds Associates, New York, finds that low performance and high betrayal have created a "fix-it" atmosphere at companies.

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.