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...Another HMC Vice president, Robert G. Achtinson, who manages the select equity portfolio earned $1,631,811, the second highest pay. Achtinson was not among the top five highest paid HMC employees last year...
...HMC President Jack R. Meyer earned a record $1,219,580, Though it was not enough to place him among HMC's top five money mak- ers, it marked a 27 percent increase over hisprevious year's compensation...
Harvard's fiscal year runs from July 1 to June 30. For that period last year, HMC earned a 9.8 percent return on the University's endowment, which put it in the top five percent of comparable funds according to the Wilshire cooperative Universe as measured by Wilshire Associates...
Leading the parade was Jonathon S. Jacobson, a vice president who manages the equity portfolio. He made $2,964,965--a 131 percent increase over his previous year's compensation of $1,282,545 and the highest ever at HMC. Sources say Jacobson earned $70 million for HMC on an undisclosed sum of money he was in charge of managing...
Before this year, the highest single yearcompensation package in HMC history was the $1.4million Meyer's predecessor Walter M. Cabot '54earned when he received his retirement bonus. Thisyear three managers exceeded that amount...