U.S. fund managers cautious on corporate reform

Newswire

NEW YORK, Oct 30 (Reuters) - Executives of big U.S. investment management firms on Wednesday voiced caution about how involved they should be in the push to improve corporate behavior. Speaking at the "Corporate Governance Summit for Institutional Investors" sponsored by executive search firm Spencer Stuart, Lawrence Lasser, president and chief executive of Putnam Investments, said he was willing to let corporate change rest, at least partially, in the hands of others. "I think our ...

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