Word: hmc
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...Meyer's predecessor, Walter M. Cabot '54, earned a retirement bonus that made him the highest paid employee in HMC history, with a total compensation of more than $1.4 million for the year...
Meyer also changed the standard against which the company measures its performance from a conventional "vanilla portfolio" of stocks and bonds to a new system of internal benchmarks based on the estimated performance of HMC"s asset allocation schedule...
Critics have said the move makes it easier for HMC to appear to outperform the market when in fact...
According to HMC's annual report, the company's fiscal 1992 performance exceeded its benchmarks in every category except for commodity-based assets...
...addition to Mittelman, Jacobson and Meyer, HMC Vice President Timothy Peterson also cleared half a million dollars in fiscal 1992. Peterson, who manages the company's high-yield portfolio, earned $547,373, compared with the $400,666 he was compensated in fiscal...