The chief executive of Putnam Investments
has no qualms about relinquishing his post should the asset management firm's new owner decide to install a new CEO. Charles Haldeman
, Putnam's CEO since 2003, told InvestmentNews
that "if that's what they want to do, that's fine with me." He added:"ďIf they donít, thatís even more fine with me. Iím really happy with this job." The $3.9 billion acquisition of Putnam by Canada-based Power Financial Corp.
is expected to close next month.
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