Word: group
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...small group of alumni from the Harvard Class of 1969 renewed its criticism of compensation paid to University endowment managers in a letter sent to President Drew G. Faust yesterday, citing the nearly 30 percent investment loss sustained this past year...
...group, which has long condemned Harvard Management Company for paying what it says are exorbitant bonuses, called on Harvard to report how much of that money has been retracted after the endowment’s recent underperformance. According to HMC’s policies, which emphasize sustained, long-term growth, internal investment managers are awarded bonuses if they grow the value of the endowment above benchmarks set by the HMC Board, but those bonuses can be retracted in later years if the fund underperforms benchmarks...
...substantial number” of portfolio managers had bonuses “clawed back” last year, Harvard’s financial report noted, but a small group of managers retained bonuses and even earned additional compensation...
...walked by John Harvard today, you probably saw a small group of freshmen staked out in front of the statue...
When one tour group approached, led by an admissions office student tourguide, a neo dressed in all black explained that no picture-taking was allowed, because Ben Affleck was filming in the Square, and because President Obama would be in town soon. “We can’t have any clumping here,” the neo told the crowd...