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A day after stepping down as chairman of the once scandal-plagued Putnam Investments, Haldeman is now poised to take command of troubled Freddie Mac, the government-backed mortgage giant, a source confirmed yesterday.
Haldeman, 60, who took control of Putnam six years ago after a major trading scandal nearly took the Boston firm down, is the prime candidate to become the permanent chief executive at Freddie, now headed by interim chief John Koskinen.
Similar to his years at Putnam, Haldeman, assuming he lands the new post, faces huge challenges at Virginia-based Freddie, the Federal Home Mortgage Corp. The company is trying to right itself financially after the federal government put it under conservatorship due to its massive subprime-mortgage woes.
Freddie's board of directors has selected Haldeman as its top choice to lead the mortgage company, but it is awaiting final approval from the U.S. Treasury and Federal Housing Finance Agency, which oversees Freddie. One source stressed Haldeman's appointment is not a done deal until Freddie gets the green light from its two government masters.
Haldeman, who could not be reached for comment, is credited with stabilizing Putnam after a notorious trading scandal and the withdrawal of tens of billions of dollars by investors.
Haldeman, who stepped down last year as CEO of Putnam, gave up his chairmanship at Putnam on Tuesday -- and by yesterday was already pinpointed as the top pick for the Freddie post.
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