Word: erian
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Former endowment chief Mohamed A. El-Erian earned $921,000, while his five employees earned between $3.9 and $6.4 million each. The total figure represents a significant increase of 20 percent over that of the previous year, which saw total compensation of $22.3 million...
...from its Allston campus at 30 percent of the national standard for a similar project in exchange for a potentially speedier approval process for campus construction. PIM(P)co MY BAILOUT Less than a year after leaving Harvard to return to a wealthy private financial fund, Mohamed A. El-Erian said in an interview with Reuters that his $812-billion firm would offer to manage part of the government’s proposed $700-billion bailout package for no fee. El-Erian—who managed Harvard’s now-$36.9 billion endowment from 2006 until late last year?...
...permanent leadership July 1 with new chief executive Jane L. Mendillo, who worked at Harvard for 15 years before managing Wellesley College’s investments from 2002 to 2008. Before that, it spent much of the past year with interim leadership after its former chief, Mohamed A. El-Erian, announced last September that he would return to a high-ranking executive position at Pacific Investment Management Company, a bond-specialist based in Los Angeles. During his 22-month tenure, El-Erian was tasked with bringing stability to an organization that had been rocked by the 2005 departure...
Robert S. Kaplan, a former vice chairman at Goldman Sachs and a professor at Harvard Business School, served as interim CEO after El-Erian stepped down late last year...
During his 22-month tenure, El-Erian was tasked with bringing stability to an organization rocked by the 2005 departure of its long-time CEO Jack R. Meyer, who left with a large fraction of HMC's staff amid heated criticism over multimillion dollar compensation packages for him and his top money managers. Meyer and several of his former lieutenants now run the Boston-based hedge fund Convexity Capital Management...