Subject: Spitzer's hit list |
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You_are_served
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Date Posted: 15:27:50 10/25/04 Mon
Spitzer's hit list
Jeffrey Greenberg is one of several CEOs who have resigned during a NY attorney general probe.
October 25, 2004: 5:46 PM EDT
NEW YORK (Reuters) - The exit Monday of Jeffrey Greenberg, chairman and chief executive of Marsh & McLennan Cos., follows the departure of several chief executive officers caught up in a year-long sweep of the mutual fund industry.
Spitzer investigations have meant the door for many CEOs.
Spitzer investigations have meant the door for many CEOs.
Several CEOs of asset management companies resigned or were forced out, thanks to investigations launched by New York Attorney General Eliot Spitzer, who also announced a probe of Marsh less than two weeks ago.
The list of ex-executives and their departure dates includes:
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-- Mark Beeson, CEO of One Group Funds, a unit of the former Bank One Corp., in October 2003.
-- Lawrence Lasser, CEO at Marsh unit Putnam Investments, in November 2003.
Ex-CEO of Putnam Investments Lawrence Lasser stepped down last November.
Ex-CEO of Putnam Investments Lawrence Lasser stepped down last November.
-- Harold Baxter, chairman and CEO of Pilgrim Baxter & Associates, in November 2003.
-- Richard Strong, chairman and CEO of Strong Financial Corp., in December 2003.
-- John Ballen, CEO of MFS Investment Management in February 2004.
-- Mark Whiston, CEO of Janus Capital Group Inc., in April 2004.
-- Raymond Cunningham, CEO at Invesco Funds, a unit of Amvescap Plc, in April 2004.
-- Kenneth Corba, CEO of PEA Capital LLC, a unit of Allianz Dresdner Asset Management of America, in April 2004.
-- Steve Treadway, CEO of PA Distributors LLC, another unit of Allianz Dresdner Asset Management of America, in July 2004. Top of page
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http://money.cnn.com/2004/10/25/news/fortune500/spitzer_ceos.reut/
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