Word: erian
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...Board will meet tomorrow, and El-Erian expects them to discuss the first steps of the transition, according to his e-mail to his colleagues...
...Under El-Erian, Harvard sought to rebuild its depleted internal investment company instead of outsourcing endowment management to other firms, as other peer institutions—including Yale—have done...
...deciding on the timing, we have been mindful not only of our family circumstances, but also of the fact that HMC is back at a ‘steady state’ following the completion of our rebuild phase,” El-Erian wrote in the e-mail, citing a retooled management staff and governance structure...
...During HMC’s rebuilding efforts we have also focused on deepening our institutional and organizational roots to ensure that the Company can no longer be significantly disrupted by the departure of any individual or groups of individuals (including the CEO),” El-Erian wrote...
Benjamin J. Heller ’94, a managing director at the hedge fund HBK Investments who has known El-Erian professionally for a decade, said yesterday that El-Erian’s legacy would be his rebuilding of HMC’s internal management team in the wake of Meyer’s departure...