Word: meyering
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Being below benchmark means a lower bonus for Jack R. Meyer, the CEO and president of Harvard Management Company, which oversees the University's endowment, as well as other money managers who work...
...people who did well will be paid very well," said Meyer, whose associates have been known to earn eight-figure salaries. "Mine will certainly drop...sharply down...
Venture capital funds have been very successful over the last year. But Harvard was not able to invest in them to the extent it would have liked, Meyer said...
...That means a lot less goes to Harvard than Harvard would like," Meyer said...
Those policies hit Harvard especially hard, Meyer said. Since the Harvard endowment is so large, the small amounts the school was able to invest in venture capital funds had much less impact on Harvard's total holdings...