Word: hmc
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...former endowment chief, Mohamed A. El-Erian, earned a total of $6.5 million, according to a University statement released Thursday. His five highest-paid employees at the Harvard Management Company (HMC) earned between $2.1 and $6 million...
...September, El-Erian abruptly announced his intention to step down from the helm of HMC after just 22 months in office. He was succeeded last month by Harvard Business School professor Robert S. Kaplan, a former vice chairman at Goldman Sachs who will serve as HMC's interim chief during the search for a permanent leader...
...packages for endowment officials became a heated issue after two of HMC's top officials, David R. Mittelman and Maurice Samuels, each earned more than $30 million in 2003. When the salaries became public, a group of seven alumni from the Class of 1969 threatened to reduce their donations to Harvard if the University failed to rein in the high compensation...
...highest-paid employee that year besides El-Erian was Andrew Wiltshire, the head of HMC's investments in natural resources, who earned $2.9 million. This year, Wiltshire saw his compensation double to $6 million, the second highest after...
Mittelman and Samuels were among more than 30 employees that departed HMC in 2005 with longtime CEO Jack R. Meyer to form the Boston-based hedge fund Convexity Capital Management...