Larry Lasser Update
Those of us concerned about Putnam CEO Larry Lasser's ability to live on nothing but his $1 million salary no longer need worry. Apparently Larry will be getting a bonus for 2002 after all - $7 million. Sure it's less than half of his 2001 bonus of $17 million and one quarter of his 2000 bonus of $33 million. But at least Larry won't have to start hocking his Rolexes to maintain his lifestyle. I know I'll be sleeping better tonight.
Comments
Nice, cause I worked there and we all didnt get a 1 cent raise, but he did! Hows that big bonus treating ya now that Putnam is up to its ceiling in DOO DOO. Thank god I got out when I did!
Posted by: Melissa | November 4, 2003 01:25 PM
Worked as his correspondence secretary for about 18 months.....many years ago. The stories I could tell. It's all about karma....glad to see it came back to bite him in the a##!
Posted by: Suzanne | November 6, 2003 10:49 AM
I'ld take a $1 millin salary and a $7 Million bite in the ass any day of the week. Twice on sunday!
Posted by: Justin | November 6, 2003 01:35 PM
I worked there for a few years...saw lots of layoffs, no raises or bonuses, poor morale...but at least he got paid plenty every year right?! Now he's greedily arguing w/MMC for more $$. I hope that being fired and publicly humiliated is just the beginning of his problems...
Posted by: Kris Canter | January 27, 2004 01:46 PM