Word: hmc
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Harvard’s top five money investors earned a total of nearly $55 million for their work with Harvard’s $18.3 billion endowment last year, according to the Harvard Management Company (HMC...
...investors outperformed their benchmarks, and that’s the reason their compensation is high,” said HMC President Jack Meyer, who earned $4.1 million last year...
...HMC employees’ compensation reflects a base salary, a lump sum for meeting the benchmark and a performance bonus for exceeding it over a five-year period...
Some members of the Harvard community are critical of the HMC employees’ high earnings...
...We’re still in the process of working with Dean Illingworth to maintain the current status of our operations,” said Helen C. Gilbert ’02, co-president of HMC...