[A. Pole]

Well, in the case of Putnam and others, huge compensation packages from the top on down led to a culture of greed and arrogance. (Sound familiar?) Despite the fund industry's image as a place to invest for the long term, Putnam managers were encouraged to take risky bets in order to meet quarterly performance goals that translated into golden bonuses. In recent years, that strategy has produced disastrous results for Putnam investors, and even now nearly half of the company's funds lag behind their peers.

I suspect that many of those mutual fund investors are workers who are spoiled by the trade unions and are too lazy to compete. Another example of envy and class warfare.

[A. Pole]

Another example of envy and class warfare.

You said earlier :

"You may have never considered it from this angle but the price of talent has risen. CEOs is just one area where this is so."

How do you evaluate "the price of talent"?

[palmer]

Thanks for the ping. You are right, but we are all in the union now.

[em2vn]

How does the fact that Putnam appears to be in the hands of a pack of crooks lead you to such a conclusion?

[N3WBI3]

I have only been with putnam a year now, and they are up 15% on my 401K.. Things like this make m e wonrder if it is a fluke

[Incorrigible]

[TopQuark]

I suspect that many of those mutual fund investors are workers who are spoiled by the trade unions and are too lazy to compete. No need for saracsm here: the references fund managers and traders are pure crooks; they have not right to do what they did to any investor --- even felons who chose to invest.

Another example of envy and class warfare.

The example is given once again by the leftist elites that exploit the anger by misdirecting it from the perpetrators to the very essence of American society. And they are increasingly successful in doing so.

[huck von finn]

Is there no end to corporate thuggery? This is unreal. One scandal after another.