Word: successors
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...worked together closely as top economic advisers to former President Clinton, becoming one of the most powerful teams in Washington. And when Rubin left his post as U.S. treasury secretary, he worked to secure Summers’ place as his successor...
...years after leaving the Treasury, Rubin played an instrumental role in Summers’ ascension to the Harvard presidency. A year into Summers’ tenure, Rubin was selected for a spot on the Corporation. The successor to a Corporation member is selected by the other six members, including the president, who has historically exerted substantial influence on the pick...
...University, the selection of Meyer’s successor is inextricably linked to the question of whether Harvard should continue its unique in-house management structure, one in which HMC invests a substantial portion of Harvard’s money itself...
Meyer says that his successor will have a number of options for the direction to take Harvard’s endowment. One possibility, he says, is that the new CEO could choose to maintain internal management for some assets, but increase the use of outside managers, changing the mix from 50 percent invested externally to, say, 65 percent. Another potential choice facing the CEO is for Harvard to invest securities through hedge funds via external managers but focus its in-house efforts on asset classes like timber...
...Meyer cautions against premature speculation about what structural changes his successor will implement, noting that upon his arrival at HMC in 1990 he had a history of externally managing funds at previous jobs but embraced the internal model...