Putnam is a subsidiary of Marsh & McLennan Companies, tenant on floors 97 - 100 in the North Tower of the World Trade Center. Two hundred and ninety-five Marsh employees were killed on 9/11.
Two years later, Putnam drops over 9 billion.
Not a good start to the new millenium for the venerable insurance brokerage firm.
Sometimes we need to remember those who died in those towers. Probably some of their best people were at the top literally. Very sad.