Charles E. Haldeman

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Charles Edgar Haldeman, Jr. (born 1948) was the chief executive officer of the Federal Home Loan Mortgage Corporation, known as Freddie Mac, a publicly traded company that is the second largest source of mortgage financing in the United States. On the 26th of October 2011, it was announced that Haldeman would retire, but he agreed to stay until a successor was found. Haldeman is expected to be leaving Freddie Mac somewhere in 2012.[1] He is the former President, CEO, and chairman of the board of directors, of Putnam Investments, a mutual fund company based in Boston, Massachusetts. Since 2007, he has served as chairman of the Board of Trustees of Dartmouth College.

Biography[edit]

He was born to Betty Jane and Charles Edgar Haldeman, Sr. on October 29, 1948 in Philadelphia, Pennsylvania. He graduated summa cum laude from Dartmouth College in economics in 1970. In 1974, he received both a J.D. degree cum laude from Harvard Law School and an M.B.A. degree with high distinction from Harvard Business School, where he was a Baker Scholar.[2] He is also a CFA charter holder. In 2004, he was elected to serve as a charter trustee on the board of trustees at Dartmouth.[3]

Haldeman was a managing partner and director at the investment firm Cooke and Bieler Inc. from 1974 to 1998, President and COO of United Asset Management Corporation from 1998 to 2000, and CEO of Delaware Investments from 2000 to 2002. He then joined Putnam Investments as co-lead of the investment division.[3] In the wake of the Mutual fund scandal of 2003, he was appointed President and CEO of Putnam and has since led the company forward in reorganization, compliance, and enhanced disclosure. Having stabilized the business, Haldeman led an initiative to sell the company. In January 2007, Putnam Investments was sold to Power Financial Group for 3.9 billion dollars.

Haldeman is recognized in the industry for his high ethical standards. In December 2006, CFA Magazine cited him as "The Most Influential Person in the Industry" for 2006.[4] He and his wife Barbara, both Harvard Law alumni, have donated millions of dollars to Dartmouth College. In 2004, a $10 million gift was made to open the Haldeman Center, home to the John Sloan Dickey Center for International Understanding, the Fannie and Alan Leslie Center for the Humanities, and the Ethics Institute.[5][6] Haldeman serves on numerous other boards and committees, including the Boston Chamber of Commerce[7] and the ICI board of governors,[8] and was previously an "overseer" for the Tuck School of Business.[9] In August 2007, Sigma Phi Epsilon awarded Haldeman its Citation award. The Sigma Phi Epsilon Citation is presented to a small, highly select group of alumni who have achieved uncommon success and stature in their particular professions and fields of endeavor, and, by doing so, have brought great honor to themselves and to the Fraternity. Since 1965, 241 SigEp members have been honored with the Citation." [10] Haldeman was a member of SigEp's New Hampshire Alpha Chapter at Dartmouth College and served as the chapter's president from 1969 to 1970.[11]

Haldeman and his wife currently live in Haverford, Pennsylvania. They have three children: Matthew, Charlotte, and Catherine. Matthew is a graduate of Williams College (2002) and is a second year student at Harvard Business School. Charlotte is a graduate of Dartmouth College (2003) and Penn Law School (2008). Catherine graduated from Dartmouth College in 2008.

References[edit]

  1. ^ http://www.businessweek.com/news/2011-10-26/freddie-mac-replaces-chairman-as-ceo-haldeman-plans-to-step-down.html
  2. ^ UNITED ASSET MANAGEMENT CORPORATION ANNOUNCES ELECTION OF CHARLES E. HALDEMAN, JR. AS PRESIDENT
  3. ^ a b Dartmouth College Board of Trustees Trustee Biographies. Retrieved April 30, 2007.
  4. ^ [1] CFA Magazine Identifies Putnam President and CEO As One of Three Most Influential. November 26, 2006.
  5. ^ Dartmouth Experience Press Release. May 5, 2004.
  6. ^ Dartmouth Experience Haldeman Center.
  7. ^ Boston Chamber of Commerce Board of directors.
  8. ^ Investment Company Institute October 11, 2006.
  9. ^ Board of Overseers Tuck School of Business.
  10. ^ Sigma Phi Epsilon Press Release Citation Recipients August 16, 2007.
  11. ^ The Dartmouth Board Chairman Wins Fraternity Award August 17, 2007.

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