Word: hmc
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...source close to HMC says such salaries are necessary to woo top talent from Wall Street firms...
...HMC's recent success also justifies the stratospheric incomes earned by its top managers, the source said: "Last year HMC had an amazing year...
...fiscal 1993, HMC earned the University a 16.7 percent return on its roughly $6 billion endowment...
...source defended HMC's performance relative to the company's internal "benchmark standard." The benchmark is based on the expected performanceof HMC's policy portfo-to--the long-term assetallocation plan the company set for itself in 1990which serves as a flexible guideline for itsday-to-day investment decisions...
...HMC's actual performance this yearsignificantly a outachieved its self imposedbenchmark standard, the source said...