Word: hmc
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Meyer said it is appropriate that HMC managers make more money than other Harvard administrators who work more closely with the school...
...HMC bonuses are in line with those paid out in the business world. Harvard's in-house approach lowers overall endowment management...
...HMC's chief executive, Jack Meyer, said that the figures represented incentives based on performance--"not a salary...
...HMC manages and invests all of the Harvard's funds. Its top five professionals--also including Phillip Gross earning $8.7 million, Robert Atchinson earning $7.3 million and Frank Dunau earning $5.8 million-- have invested Harvard's money extremely successfully, outside experts have concluded...
costs to about half of the cost of outside management. As a nonprofit subsidiary of Harvard, HMC is required to report the compensations of its five highest-paid employees, whereas nonprofits that use outside investment managers do not have to report the salaries of the individual managers overseeing their funds...