Word: compensationitis
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By “the,” my colleague meant you, the world-famous millionaire hedge fund manager turned philanthropist. By “the,” I meant the Manhattan-born, Orioles loving workers’ compensation lawyer Michael Steinhardt, a.k.a. Dad. I learned quickly: Michael Steinhardt...
Retirement communities and geriatric-care managers may know of packing services that specialize in dealing with the elderly, says Novack, who is also a founder of the newly formed national association of senior move managers. The association's website nasmm.com has links to companies around the country, and Novack hopes...
In an April interview, Vice President for Finance Ann E. Berman said the compensation issue had been blown out of proportion by media coverage. And Joe Wrinn, the University’s chief spokesperson, agreed enthusiastically, having spent the school year personally dealing with inquiries into the HMC policy.
Bowing to some of the mounting pressure, the HMC board voted in March to lower the maximum compensation for its fund managers. Summers told The Crimson that the new caps would prevent payouts on level with last fiscal year.
As the compensation issue played out loudly in local newspapers, Harvard quietly began an entirely separate program intended to boost gifts of charitable remainder trusts by allowing donors to attach those trusts to the University endowment.