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Compensation for managers of Harvard's $35 billion endowment rose this year, but salaries for the highest-paid officials were far lower than the massive pay packages that have drawn criticism in recent years...
...former endowment chief, Mohamed A. El-Erian, earned a total of $6.5 million, according to a University statement released Thursday. His five highest-paid employees at the Harvard Management Company (HMC) earned between $2.1 and $6 million...
...percent growth was the highest Harvard had seen since 2000 and one of the five best returns ever when compared to internal benchmarks. The gains came amid a strong bull market: the Wilshire 5000, a broad index of stocks, gained 19.6 percent over the same period...
...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...
...space is almost empty. As the rising dollar made Canadian products more expensive around the world, Canada shed nearly 100,000 manufacturing jobs in 12 months. "We went from [being] the lowest-cost producer of vehicles around the world for GM, Ford and Chrysler to probably one of the highest," says Buzz Hargrove, president of the Canadian Auto Workers Union...