Word: erian
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...move comes just over six months after HMC's previous chief, Mohamed A. El-Erian announced he would step down. Robert Kaplan, a former vice chairman at Goldman Sachs and a professor at the Harvard Business School, has acted as interim CEO since January 1 and, the University says, will now serve on HMC's board of directors...
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...
...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...
...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...
...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...