Word: meyering
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...Jack R. Meyer, president and CEO of the Harvard Management Corporation (HMC)—the group in charge of managing Harvard’s endowment—attributed Harvard’s above-average growth to the diversity of its portfolio...
...This compensation deal is a good deal for Harvard,” said Meyer, one of the top six earners in the HMC. “If we had used external managers and gotten the same results, it would have cost twice as much...
...compensation numbers are usually released in November or December, but Meyer said yesterday that this year’s release was affected by the size of the payout...
...numbers are big this year, and we reviewed them carefully and more carefully, and talked about it at several meetings,” Meyer said...
...that [Meyer] presents his argument is that Harvard is paying less for [the fund managers] than the open market,” Alexander said. “But they don’t have to be rewarded at the same level because they’re not taking the same risk as they would in the real world...