Harvard announced that Mohamed El-Erian is leaving as President of Harvard Management Co., the group that managed Harvard's $34.9 billion endowment. Harvard Management's former head Jack Meyer left amid some controversy over pay for Harvard managers. Pay was reduced and now managers are walking. El-Erian generated an impressive 23% return in the most recent fiscal year. Harvard will need to pay top notch or see its managers continue to leave.

 

Submitted: Nov 17, 2007    Views: 140    Comments: 0    Likes: 2   


View Article: http://www.boston.com/business/blog/bostoncap/2007/09/harvard_endow...



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