Word: managerized
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And while Bennett’s exact numbers appear dubious—the top fund manager at HMC received $35.1 million last fiscal year—his dissent joins those of other vocal donors who have questioned the HMC salaries.
But Bennett, 65, said he consistently received less than five percent each year, and the trust grew to just $5.1 million by 1999. When Bennett raised questions at that time, the HMC resigned as the manager of his trust. Morgan Stanley took over the management of the trust, though Harvard...
HOWARD DEAN: He drops manager Trippi and minds Michigan 38
He left New York and wandered the country, consulting for different restaurants before visiting Napa in 1992, where he came across the French Laundry. He pulled together a group of investors and opened in 1994. Keller thrived in the bucolic calm of the wine country. His manner mellowed, and he...
Separate accounts are a lot like mutual funds. Different managers have different styles, from large-cap equity income to small-cap aggressive growth. There are also fixed-income separate accounts. Your cash is invested along the same lines as that of countless other separate-account holders, with one exception: you...