Word: hmc
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...anybody to earn anywhere close to what their managers are, performance has to be excellent," said Jack E. Meyer, president of HMC...
...HMC officials defended the income levels...
...HMC is a University-managed, non-profit corporation that manages Harvard's endowment. The salaries of its best fund managers, which dwarf those of senior administrators and faculty, have drawn criticism from campus activists who bemoan such a wide income disparity at a non-profit institution...
With 1996's yield almost four points above the benchmark, compensations can be expected to rise this year. But Meyer said that HMC suffers somewhat of a political injustice because of its efforts to save money through internal management...
Campus activist are critical of HMC compensations as high as $4.7 million, particularly at an institution where the President's salary is about $250,000 and the average tenured faculty member receives about half that...