Apparently the cuts at Putnam Investments today were "nasty," though obviously not as disgusting as Citi. At least 47 people shown the door, including 12 portfolio managers. CEO Robert Reynolds seems to be doing okay though, but perhaps that's just the glow of Dennis Kneale.
Comments
Comments hidden for your protection. Show them anyway!More Favorite Reads
Sep 15, 2009, 2:22pm
Technical Difficulties Prevented Warren Buffett From Saving Lehman Brothers
I sense some judgment from the Bloomberg reporter here re:...
More »Sep 15, 2009, 2:00pm
People! THIS TYPE OF PERFORMANCE DOES NOT MAKE PTJ WANT TO RAIN BUCKETS O' CHICKEN ON YOUR ASSES!
Tudor BVI Global: August 2009: 0.5% YTD: 12.5% ...as for...
More »
Sep 09, 2009, 11:27am
Goldman Partner's Neighbors Scandalized By Shirt Optional Parties
Goldman Sachs partner managing director Richard Kimball Jr. apparently got...
More »Sep 09, 2009, 10:15am
Job Openings At AQR! (UPDATE)
Ladies, if you've been looking to work under one of...
More »
Posted by guest , Nov 17, 2008 2:02PM
Putnam? I don't even know em
Posted by guest , Nov 17, 2008 2:03PM
Portfolio managers let go. That's really bad.
Posted by guest , Nov 17, 2008 2:04PM
Portfolio managers let go. That's really bad.
Posted by guest , Nov 17, 2008 2:09PM
All of your equity mutual funds down > 30%. That's pretty bad too.
Posted by guest , Nov 17, 2008 2:10PM
Who's the jackass from Putnam who is on CNBC all the time who looks like Ted Turner with way too much makeup?
I always seem him on squawkbox -- hope he got the axe.
Posted by guest , Nov 17, 2008 2:16PM
this actually is quite a bad sign... MFs rarely fire people, though they're still hiring buyside analysts straight outta b-school
I wonder when the venture side of things will really crater.. late '09/ '10?
Posted by guest , Nov 17, 2008 2:21PM
Can we have a poll on DB to see who CNBC should axe Gasparino or Kneale. While I do hate gasbag, everytime Kneale talks I have to look away
Posted by guest , Nov 17, 2008 2:23PM
At least Gasparino is somewhat of a cartoon character to laugh at.
Dennis Kneale is just a barf bucket attached to a human body.
Posted by guest , Nov 17, 2008 2:29PM
Gasparino looks like he belongs from the "old school" where you could graduate High School, work at the NYSE as a runner, and one day, become CEO.
Dennis Kneale is a FoxBus reject who looks like he belongs at a Banana Republic selling manbags or striped rainbow shirts with cheap cufflinks. Soo 2003.
Keep the ole' gasbag.
Posted by guest , Nov 17, 2008 2:32PM
7/8 The hatred for Kneale is widespread and CNBC must know this. They let him go on to make others look good. That can be the only logical explanation.
Posted by guest , Nov 17, 2008 2:34PM
Dennis Kneale, "The banks should be reckless. They should loan to people who can't pay it back."
-Hahahaha. Idiot. That's what got us into this mess.
Posted by guest , Nov 17, 2008 2:35PM
I loved how Kneale used to ridicule those selling out positions as "fraidy cats" in late 2007. Hows that workin out for ya??
Posted by guest , Nov 17, 2008 2:36PM
At least Gasparino mucks around in the dirty underbelly of Wall Street and provides some interesting color on the stuff we know about but don't see every day. It's like CNBC's own Page Six.
Kneale is just an idiot cheerleader. Has he ever said anything but, "buy"?! Has he ever generated one bit of news or added one insightful bit of analysis. No.
Posted by guest , Nov 17, 2008 2:38PM
13 exactly
Posted by guest , Nov 17, 2008 2:46PM
@13 = gasbag, hey chaz get back to work
Posted by guest , Nov 17, 2008 2:46PM
Kneale is a chump.
Posted by guest , Nov 17, 2008 2:47PM
Yet CNBC continues to completely defy gravity and allow him on the air.
There is just no plausible explanation.
Posted by guest , Nov 17, 2008 3:05PM
Dennis Kneale blows puppies.
Posted by guest , Nov 17, 2008 3:40PM
Out of all of them Kneale seems to know the least (given the benchmark that is saying something), is not pleasant to look at, has a shit personality and seem to get the least respect (again given the benchmark...).
By far his worst quality is he actually thinks he is smart, and that his opinion matters.
Posted by guest , Nov 17, 2008 3:46PM
how is mark hanes escaping this conversation. has he said anything meaningful over the last decade?
Posted by guest , Nov 17, 2008 4:06PM
@20. Mark Haynes is actually pretty intelligent. He points out day after day that what the so called "free markets" hawks are really socialist doves. In other words, they cry out for free markets, EXCEPT when the markets freely go south. Mark was interviewing Mark Zandi last week and correctly pointed out that the US taxpayer should NOT have to bail out reckless mortgage borrowers.
Posted by guest , Nov 17, 2008 4:09PM
haha fair is fair, you've gotta love haine's drunken banter and awkward looks towards Erin. I don't mind him that much however Kneale looks like a plastic doll that was microwaved on high for 2min....we should have a poll in light of all the layoffs who should go, Bess maybe a CNBC survivor poll?
Posted by guest , Nov 17, 2008 4:12PM
BTW, THE SPEACH BY "W" DEFENDING CAPITALISM LAST WEEK WAS COMPLETE HORSE $#!T!!! HE HAS NO CREDIBILITY DEFENDING FREE MARKETS WHEN HE BAILS OUT RECKLESS BORROWERS, FRAUDULENT FINANCIAL INSTITUIONS, AND LYING THIEVES.
CAPITALISM WORKS PROPERLY WHEN IT ALLOWS THE FREE MARKETS TO DECIDE WHO LIVES AND DIES. MOST WOULD PROPERLY BURN. THESE ZOMBIE INSTITUTIONS WILL ONLY MAKE THINGS WORSE.
Posted by guest , Nov 17, 2008 4:13PM
what about rick santelli and his stupid fake smile? he really brings a geraldo rivera flavor to the show by getting all excited and pissed about every topic that comes up.
Posted by guest , Nov 17, 2008 4:21PM
don't worry. There are 8300 more lawyers in New York thanks to the highest bar passing rate ever recorded.
http://endofesq.com/?p=538
Posted by guest , Nov 17, 2008 4:25PM
Santelli gets a lot of respect in the pits in Chicago. I know I know. so do drug dealers... err clerks, but respect is respect. I think he does alright. a CNBC survivor poll would be good
Posted by guest , Nov 18, 2008 10:48AM
@23 welcome back Wharton ALL CAPS
Posted by guest , Nov 18, 2008 10:50AM
@23 welcome back Wharton ALL CAPS