Word: mittelman
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Dates: during 2000-2009
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...become a trend at HMC. Over the past eight years, Harvard has experienced an exodus of its top managers as they spin off to create their own private firms. Holding to the pattern, Meyer is taking with him four high-performing endowment managers—Edward DeNoble, David Mittelman, Michael Pradko, and Maurice Samuels—to start a private investment firm...
According to a filing with the Massachusetts Office of the Attorney General, Senior Vice President for Fixed Income David R. Mittelman earned $25.4 million in salary and benefits. Senior Vice President for International Fixed Income Maurice Samuels earned $25.3 million in salary and benefits. Both are scheduled to leave with management company president Jack R. Meyer at the end of the fiscal year to start a new investment firm...
...January, Meyer himself announced that he will leave at the end of June with four of his associates—David R. Mittelman, Maurice Samuels, Edward DeNoble and Michael Pradko—to form a new investment firm. Harvard officials have not publicly commented on whether they will investing in Meyer’s firm and are searching for a new management company president...
Meyer’s departing associates—Mittelman, Samuels, Edward DeNoble and Michael Pradko—declined to comment through a University spokeswoman...
...management company has already been plagued by intense scrutiny since announcing that bond managers Samuels and Mittelman had earned $35.1 million and $34.1 million, respectively, in fiscal year 2003. A committed group of alumni and students objected to those salaries, arguing that compensation of that magnitude was inappropriate in an academic setting...