Word: hmcã
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...appointment represents a step towards rebuilding HMC??s staff after a string of departures from high-level posts. HMC may find itself leaderless unless a successor to departing president Jack R. Meyer is named soon. Meyer, who announced in January that he was leaving HMC with four associates to start a new investment firm, has told The Crimson that tomorrow will be his last day. In addition to Scudder and Meyer, Jeffrey B. Larson, who managed foreign equity for HMC, left with 14 members of his team in July 2004 to start a hedge fund...
...debate has focused attention on the bonuses earned by HMC??s fund managers, who have seen their compensation rise as the endowment continues to yield staggering returns...
Meyer, who designed HMC??s compensation system, believes it is sound. On top of a base salary around $400,000, the incentive-based system provides managers with bonuses when they outperform their benchmarks...
...endowment grew from $10.7 billion then to the $22.6 billion behemoth it currently is, HMC??s usage of external management increased to 50 percent...
...HMC??s success in what Meyer likes to call “adding value” has been remarkable...