Word: companyã
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...vulture looms over the trading floor of the Harvard Management Company??a stuffed, toy vulture...
Several visits to the management company??s offices in Boston over the past two months appeared to confirm at least the thrust of Meyer’s assessment. The management company, however embattled, is still a world-class investment firm at the top of its game. And with a 10-year record essentially unparalleled among institutional investors, Harvard’s endowment managers clearly have cause for their contentment...
...mood was particularly jubilant this summer as the staff gathered on the trading floor—next to the vulture, no less—to celebrate another round of stellar returns at the management company??s “Fiscal New Year’s Party,” according to Meyer’s accont. Feasting on tubs of ice cream, they turned to their boss, who as a surprisingly short man for such a financial giant, stood atop a desk to lavish what has become annual praise upon his managers...
...management company??s performance-based compensation system, which rewards managers with handsome bonuses for returns above and beyond their benchmarks, has drawn increased scrutiny since superior endowment results in the past two years began producing record-high salaries for the University’s endowment managers...
...letters to University President Lawrence H. Summers and sporadic protests last year, critics of the management company??s compensation policy have repeatedly said superior endowment performance hardly justifies the salaries paid out to managers...