Word: gordons
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...Albert E. Gordon '59, a long timecontributor to the University and vocal critic ofHMC, attacked the management company foroverpaying its employees and keeping its workingsecret...
...Gordon also said he wants HMC to "come clean"about the exact manner in which it awards bonusesbased on performance relative to the bench marks.The compensation system--which was revised whenHMC President Jack R. Meyer began working at thecompany in late 1990--has never been adequatelyexplained, Gordon says. The alumnus, himself aveteran investment manager, suggests that itallows for artificially high incomes...
...Gordon went on to accuse HMC of failing toregularly disclose its investment activities,which Meyer had promised it would when he arrivedthree years...
...would like to know the extent they'retrading in the derivative market," Gordon said."It's ridiculous that these things are secrets...
Other officials involved with managingendowments disagreed with Gordon's harsh appraisalof...