Word: samuelses
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"It's unfortunate that you can't go to the vending machines without fearing for your personal safety," said Alana B. Samuels '01, a Mather resident.
For Maurice Samuels, an HMC fund manager who invests in foreign fixed-income, this policy led to an especially high bonus this year.
Samuels managed a 3.6 percent return this year, beating the 2.2 percent benchmark set for him-"not particularly remarkable" in Meyer's words.
But the year before, Samuels came up with a 16.9 percent return, well over his 2.6 benchmark. Much of his bonus from that year was "clawed-back" in case Samuels lost that gain in the year to come.
The bottom line: Samuels didn't lose any money this year and became one of the top five with nearly $6 million in compensation for work he did in 1996 and 1997.