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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 Thursday 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 permanent leader...
...Under El-Erian's watch in fiscal year 2007, Harvard's endowment earned returns of 23 percent, ballooning from $29.2 billion to $34.9 billion, even after $1 billion was withdrawn to underwrite nearly a third of the University's operating costs...
...highest-paid employee that year besides El-Erian was Andrew Wiltshire, the head of HMC's investments in natural resources, who earned $2.9 million. This year, Wiltshire saw his compensation double to $6 million, the second highest after...