Word: eisenson
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...Sperling and Eisenson--a pair of thirtysomething yuppies with MBA's--work for Meyer as managing partners of the Aeneas Group incorporated, charged with running HMC's private placement portfolio...
...Aeneas has its critics as well. Sperlingand Eisenson in particular have been the focus ofincreased scrutiny since earning 1989 performancebonuses in the high sex figures that placed theirsalaries to over $1 million dollars each--thehighest of any Harvard official, and more than sixtimes what then-President Derek C. Bok earned inthe same year...
...interview with The Crimson last week,Sperling and Eisenson readily acknowledged thatinvestment mistakes have been made at Aeneas. Butthey said such errors are to be expected withinthe context of the type of high-risk investmentsAeneas makes. And they denied that there have beenany serious problems ethical or otherwise, withinthe upper ranks of either Aeneas...
Sources familiar with HMC told a differentstory, however. Most frequently cited in theircomments was HMC's salary structure, which theyclaimed contributed to vast over-compensation forSperling and Eisenson...
...system of compensation might haveencouraged the two money managers to makeinvestments based solely on their short termperformance prospects, the sources alleged.Furthermore, according to the sources, it mighthave provided a considerable personal financialincentive for Sperling and Eisenson to ignore theovervaluation of their portfolio...