Word: mittelman
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...packages for endowment officials became a heated issue after two of HMC’s top officials, David R. Mittelman and Maurice Samuels, each earned more than $30 million in 2003. When the salaries became public, some alumni threatened to reduce their donations to Harvard if the University failed to rein in the high compensation...
...packages for endowment officials became a heated issue after two of HMC's top officials, David R. Mittelman and Maurice Samuels, each earned more than $30 million in 2003. When the salaries became public, a group of seven alumni from the Class of 1969 threatened to reduce their donations to Harvard if the University failed to rein in the high compensation...
...Mittelman and Samuels were among more than 30 employees that departed HMC in 2005 with longtime CEO Jack R. Meyer to form the Boston-based hedge fund Convexity Capital Management...
...declined to comment on whether or not Harvard’s investment has stayed with Convexity, because the only holdings Harvard reports are those filed with the Securities and Exchange Commission. When Meyer left for Convexity, he took with him 30 other HMC employees, including bond investors David R. Mittelman and Maurice Samuels, whose investment strategies netted billions for the University but whose large compensation packages—which topped $30 million in 2003—generated controversy. The presence of an already proven team at Convexity helped to inspire investor confidence, even as overall investment in startup hedge funds...
...Mittelman and Samuels left Harvard last September to join a private hedge fund...