Word: compensationitis
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Last fiscal year’s particularly high compensation for Harvard’s fund managers came almost entirely in the form of performance-based bonuses which soared along with the endowment and brought significant windfalls to managers who had far outperformed their benchmarks.
The University has often dismissed the compensation issue, which plagued them all year long, calling it the product of a media echo chamber rather than a reflection of public opinion.
An abundance of press coverage examining the managers’ salaries have dogged administrators and press officers at the University, but it remained unclear whether the seven-member clan of alums who drew so much media attention this year represented a broader opposition to compensation policies at HMC.
“The search committee is looking for someone who has experience in decentralized, complex institutions and can ensure that core activities such as benefits and compensation run efficiently and effectively,” Hyman wrote. “But, most importantly, we need someone who can think strategically...
The reconstruction of Iraq, that grand effort of goodwill intended to win over the hearts and minds of Iraq's citizens, is America's other war, and it is not going quite according to plan. You could say that Halliburton, which holds an exclusive deal to support U.S. soldiers and...