Charles E. Haldeman
Encyclopedia
Charles Edgar Haldeman, Jr. (born 1948) is 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. 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
.
. 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. 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.
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. 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. 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. Haldeman serves on numerous other boards and committees, including the Boston Chamber of Commerce and the ICI board of governors, and was previously an "overseer" for the Tuck School of Business. 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." 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.
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.
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
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. He is the former President, CEO, and chairman of the board of directors, of Putnam Investments
Putnam Investments
Putnam Investments is a privately owned investment management firm founded in 1937 by George Putnam, who established one of the first balanced mutual funds, The George Putnam Fund of Boston...
, a mutual fund
Mutual fund
A mutual fund is a professionally managed type of collective investment scheme that pools money from many investors to buy stocks, bonds, short-term money market instruments, and/or other securities.- Overview :...
company based in Boston, Massachusetts. Since 2007, he has served as chairman of the Board of Trustees of Dartmouth College
Board of Trustees of Dartmouth College
The Board of Trustees of Dartmouth College is the governing body of Dartmouth College, an Ivy League university located in Hanover, New Hampshire, United States. , the Board includes twenty-three people...
.
Biography
He was born to Betty Jane and Charles Edgar Haldeman, Sr. on October 29, 1948 in Philadelphia, PennsylvaniaPhiladelphia, Pennsylvania
Philadelphia is the largest city in the Commonwealth of Pennsylvania and the county seat of Philadelphia County, with which it is coterminous. The city is located in the Northeastern United States along the Delaware and Schuylkill rivers. It is the fifth-most-populous city in the United States,...
. He graduated summa cum laude from Dartmouth College
Dartmouth College
Dartmouth College is a private, Ivy League university in Hanover, New Hampshire, United States. The institution comprises a liberal arts college, Dartmouth Medical School, Thayer School of Engineering, and the Tuck School of Business, as well as 19 graduate programs in the arts and sciences...
in economics in 1970. In 1974, he received both a J.D.
Juris Doctor
Juris Doctor is a professional doctorate and first professional graduate degree in law.The degree was first awarded by Harvard University in the United States in the late 19th century and was created as a modern version of the old European doctor of law degree Juris Doctor (see etymology and...
degree cum laude from Harvard Law School
Harvard Law School
Harvard Law School is one of the professional graduate schools of Harvard University. Located in Cambridge, Massachusetts, it is the oldest continually-operating law school in the United States and is home to the largest academic law library in the world. The school is routinely ranked by the U.S...
and an M.B.A. degree with high distinction from Harvard Business School
Harvard Business School
Harvard Business School is the graduate business school of Harvard University in Boston, Massachusetts, United States and is widely recognized as one of the top business schools in the world. The school offers the world's largest full-time MBA program, doctoral programs, and many executive...
, where he was a Baker Scholar. He is also a CFA
CFA
-Science and technology:* Cfa is one of two symbols for the Humid subtropical climate under the Köppen climate classification system* cfa is the file extension for an Adobe Premiere Pro audio file...
charter holder. In 2004, he was elected to serve as a charter trustee on the board of trustees at Dartmouth.
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. In the wake of the Mutual fund scandal of 2003
Mutual-fund scandal (2003)
The mutual fund scandal of 2003 was the result of the discovery of illegal late trading and market timing practices on the part of certain hedge fund and mutual fund companies.-Spitzer investigation:...
, 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. 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. Haldeman serves on numerous other boards and committees, including the Boston Chamber of Commerce and the ICI board of governors, and was previously an "overseer" for the Tuck School of Business. In August 2007, Sigma Phi Epsilon
Sigma Phi Epsilon
Sigma Phi Epsilon , commonly nicknamed SigEp or SPE, is a social college fraternity for male college students in the United States. It was founded on November 1, 1901, at Richmond College , and its national headquarters remains in Richmond, Virginia. It was founded on three principles: Virtue,...
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." 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.
Haldeman and his wife currently live in Haverford, Pennsylvania
Haverford, Pennsylvania
Haverford is an unincorporated community located partially in Haverford Township in Delaware County, Pennsylvania, USA, but primarily in Lower Merion Township in Montgomery County, about west of Philadelphia. It is on the Main Line, which is known historically for its wealth. As of August 2009,...
. 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.
External links
- Charles Haldeman Forbes profile.
- Charles Haldeman Freddie Mac biography.
- Charles Haldeman Dartmouth Board of Trustees profile.