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...While HMC??s internal structure affords it better control over the risks it takes at a lower price, at times the in-house approach exposes Harvard to searing public scrutiny, and HMC has had difficulty retaining top managers at below-market wages...

Author: By Nicholas M. Ciarelli and Alexander H. Greeley, CRIMSON STAFF WRITERS | Title: Finding the Path to Growth | 6/9/2005 | See Source »

...HMC??s new chief could also select the opposite route, driving up the proportion of funds managed in-house...

Author: By Nicholas M. Ciarelli and Alexander H. Greeley, CRIMSON STAFF WRITERS | Title: Finding the Path to Growth | 6/8/2005 | See Source »

...while higher, and confidential, pay scales can be found outside of HMC??“I don’t think anyone has left because we’ve paid them too much,” Meyer jokes—he says that the opportunity to start one’s own firm, rather than greater compensation, is the chief reason for managers’ departures...

Author: By Nicholas M. Ciarelli and Alexander H. Greeley, CRIMSON STAFF WRITERS | Title: Finding the Path to Growth | 6/8/2005 | See Source »

...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...

Author: By Nicholas M. Ciarelli and Alexander H. Greeley, CRIMSON STAFF WRITERS | Title: Finding the Path to Growth | 6/8/2005 | See Source »

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...

Author: By Nicholas M. Ciarelli and Alexander H. Greeley, CRIMSON STAFF WRITERS | Title: Finding the Path to Growth | 6/8/2005 | See Source »

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