Word: meyering
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...It’s not a fun thing to have compensation listed publicly,” Meyer says. “Nobody here at HMC likes to have their compensation in the paper...
Public knowledge of compensation has bothered many top managers at HMC, according to Meyer. This stands in stark contrast to private investment firms, where compensation is not disclosed...
...while higher, and confidential, pay scales can be found outside of HMC—“I don’t think anyone has left because we’ve paid them too much,” Meyer jokes—he says that the opportunity to start one’s own firm, rather than greater compensation, is the chief reason for managers’ departures...
...financial environment of the early 1990s provided HMC with a natural advantage in attracting managers. At the time, it was difficult to raise money and get the structure in place to start a hedge fund, so managers leapt at the opportunity to develop a track record at HMC, Meyer says...
...despite the potential rewards of leaving HMC, Meyer says that in 1990, when he began work, he could not have predicted the staff departures...