Thursday, July 30, 2009

Putnam's Progressive Pilfering

the changes are another example of how Putnam has become “very innovative and forward looking

I told you it was the most insulting paper I've ever read.

"Putnam fund fees will drop or be linked to performance" by Todd Wallack, Globe Staff | July 29, 2009

Putnam Investments, which has drawn complaints from some investors for charging high fees while delivering sub-par returns over the past decade, announced plans yesterday to dramatically overhaul its fee structure.

“This puts us on the same side of the table as the shareholder,’’ said Putnam chief executive Robert Reynolds.

Question: Then WHOSE SELF-SERVING SIDE where you on, because I was under the impression that you f***ing looters were SUPPOSED to be looking out for THEM?

Avi Nachmany, executive vice president of Strategic Insight, said the changes are another example of how Putnam has become “very innovative and forward looking’’ under Reynolds.

A Jew (Globe sourcing!) said that?

--more--"

Related: Stricter standards for brokers would force them to put clients’ interests first

The Globe's insults never end.

Then WHOSE INTERESTS were they looking after, hmmm?