Word: el-erian
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...after enduring heated criticism for what some saw as excessive company compensation. Meyer, a 15-year veteran of HMC, had grown the endowment from $4.7 billion to $26 billion, achieving an annualized average return rate of 15.9 percent over his last decade there. He was succeeded by Mohamed A. El-Erian, an emerging markets bond expert and former economist for the International Monetary Fund, who rebuilt HMC’s internal infrastructure but stayed for only two years. By the time she arrived, Mendillo was dealing with not only a new staff but also small glimpses of the crumbling financial...
...activity - a.k.a. the recession - ends later this year, we won't exactly be out of the woods. "We are so focused on whether recovery will be at the end of this year or the beginning of the next that we lose sight of the more important question," said Mohamed El-Erian, CEO of bond-investing giant Pimco, at a conference in Los Angeles last week. "It's not whether the recession will be over; it's what does the new normal look like...
...recent years, Harvard has included increasing amounts of disclosures on its tax forms. And in 2006, then-HMC chief Mohamed A. El-Erian hired a “chief compliance officer,” echoing a suggestion Rose made in a letter to Kurtz four years earlier. El-Erian, who succeeded Meyer and pledged to “rebuild and reinvent” the company, said at the time that the move was not prompted by regulatory requirements, but merely a desire to stay “at the forefront of the industry...
...well-known market analyst suggests that putting money into the stock markets in China and Brazil will pay off better than keeping capital in U.S. equities. According to Reuters, Mohamed El-Erian, chief executive at Pimco, the world's biggest bond fund manager, said about China and Brazil, "The case for optimism comes from the fact that these countries entered today's global crisis with better initial conditions." (See pictures of the global financial crisis...
...wrote. Because of the recent losses in the endowment, HMC has drawn renewed criticism from some alumni, who called for the University to withdraw the multi-million dollar bonuses paid to top managers in a letter to University President Drew G. Faust. Former endowment chief Mohamed A. El-Erian and his five highest-paid associates received a total of $26.8 million in compensation for the year ending last June. In 2003, the same group of alumni from the College’s class of 1969 led a charge to reduce what they saw as exorbitant compensation, ultimately contributing...