Word: hmc
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...case was brought in federal court against the Harvard Management Company (HMC), which manages Harvard’s endowment...
...HMC employees’ compensation includes a base salary, a lump sum for meeting their benchmarks and a performance bonus for exceeding them over a five-year period...
...HMC has defended the practice of paying its investors salaries comparable to what they would earn in the private sector, and industry experts agree...
...Because HMC is a nonprofit subsidiary of Harvard, it must report the compensations of its five highest-earning employees, while nonprofit institutions that use outside investment managers are not required to report this information...
...HMC is not required to release the compensation figures until next year, but traditionally publishes the numbers soon after releasing its performance figures in the fall...