March 2004
Investment Dealers' Digest;3/29/2004, Vol. 70 Issue 13, p20
Trade Publication
This article presents developments related to investment banking in FIGs. Putnam Investments and former CEO Lawrence Lesser are butting heads over the dismissed executive's pay package, an amount that some estimates claim may be as much as $89 million. Putnam argues Lesser knew of improper trading at the fund firm, before a regulatory investigation resulted in his dismissal by Putnam's parent, Marsh & Mclennan Cos. Inc. Lasser countered that he is being made a scapegoat by the firm. Rumors of a takeover are again swiding around Deutsche Bank AG, with former suitor Citigroup Inc. emerging again as possible buyer.


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