Word: hmc
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...huge bonuses earned by the managers are determined by their performance relative to the policy portfolio. This practice especially has come under fire from critics, some of whom have even termed the HMC compensation structure "disgusting...
Last year's income leaders were HMC Vice President Jon Jacobson, equity and portfilio manager, and Vice President David Mittelman, director of fixed income investment. Both earned more than $1.2 million...
...HMC President Jack R. Meyer who himself earned $962,213, had no comment regarding the salaries paid to company officials...
...HMC defenders characterize these salaries as necessary to attract top Wall Street talent...
...fiscal 1991, for example, the $1 billion holdings of the Aeneas Fund, HMC's high-risk private investment subsidiary, were devalued by roughly $200 million...