Word: hmc
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Dates: during 2000-2009
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...Harvard community, the challenge of inclusion is minimal. It would be a much stronger statement to the world about the imperatives of higher education and business if he advocated for a female or a minority for the soon-to-be vacated position of president of the Harvard Management Company (HMC)—the group that controls the University’s $22.6 billion endowment...
...HMC was founded in 1974 to manage the endowment, pension assets, working capital, and deferred giving accounts of the University. The size of the endowment alone represents a substantial amount of influence in public policy and social responsibility. In January 2005, Jack R. Meyer announced his plans to resign as president of HMC, indicating that there will be a vacancy in one of the most powerful positions at Harvard. As members of the Harvard community, it is our responsibility to pay attention to who is selecting Meyer’s successor. James F. Rothenberg, treasurer of the University and chairman...
...effectiveness of the financial governing boards of the University, and it is deleterious to Harvard for that view to be overlooked. Students, alumni, faculty, and University employees should all have a role in the selection of Meyer’s replacement and constitute a community forum to examine the HMC...
None of the senior gift money is invested directly by the management company, but Terry said that donation to the Senior Gift Plus campaign will send a symbolic message to the Harvard Management Company (HMC), which invests Harvard’s endowment...
...Terry and Mahan insist that senior gifts can influence HMC decisions about adjustments to endowment payouts...