Word: samuelses
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Marcus Samuels, senior vice president for international fixed income, pulled in $35,130,990, followed closely by David R. Mittelman, senior vice president for fixed income, who earned $34,072,169. All told, Harvard’s top six fund managers totaled over $100 million in compensation.
In lowering the cap below last fiscal year’s payouts, Harvard will at least cut the salary of Maurice Samuels, who earned $35.1 million in fiscal year 2003. David R. Mittleman, who made $34.1 million, will likely also see a pay cut.
The top two earners—Maurice Samuels and David R. Mittelman—earned $35.1 million and $34.1 million respectively, more than doubling the amounts earned by last year’s top two earners, who took home almost $18 million apiece.
It was not clear last night whether these proposed changes would prevent bonuses as large as those Samuels and Mittelman took home this year.
Steven B. Samuels, a partner at Fenway Ventures, said he was looking forward to adding Harvard to the apartment complex.