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Rating:No info on Putnam CEO bonus, Says Marsh Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, March 17, 2003

No info on Putnam CEO bonus, Says Marsh

by: Ki Kim

Marsh & McLennan said on Sunday that it still has no information on whether the head of its Putnam Investments unit will receive a bonus for 2002 after regulatory documents filed Friday indicated that none would be paid, according to a recent Reuters report.

"This was a preliminary filing and it does not include any information on bonuses. That will be provided in a subsequent filing," said a spokesman for Marsh & McLennan, in the report.

Late Friday, Marsh filed a preliminary proxy statement with the SEC that stated how much it paid its top executives, including Lawrence Lasser, Putnam's president and CEO.

In better times, Lasser received a bonus of $17 million for 2001 and a $33 million for 2000. 

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