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...former endowment chief, Mohamed A. El-Erian, earned a total of $6.5 million, according to a University statement released last month. His five highest-paid employees at the Harvard Management Company (HMC) earned between $2.1 and $6 million...
Compensation for El-Erian and the five employees totaled $22.3 million this year, up from $13.3 million last year but a marked fall from the $107.5 million compensation in 2003 that was blasted for being excessive for employees of a university...
...figures released in December reflected fiscal year 2007—El-Erian’s first full year at the helm—which ran from July 1, 2006 to June...
...September, El-Erian abruptly announced his intention to step down from the helm of HMC after just 22 months in office. He was succeeded last month by Harvard Business School professor Robert S. Kaplan, a former vice chairman at Goldman Sachs, who will serve as HMC’s interim chief during the search for a long-term leader...
...El-Erian will become co-CEO and co-chief investment officer at Pacific Investment Management Company, the Los-Angeles-based bond specialist where he had previously served as a managing director and overseen investments in emerging markets. —Staff writer Nathan C. Strauss can be reached at strauss@fas.harvard.edu...