February 6, 2004
Alumni Blast High Salaries of Harvard Endowment's Money Managers
The Harvard Management Company, which supervises the university's $19-billion endowment, paid a total of more than $100-million in salary and bonuses to its six highest-paid employees in 2003. The two top earners received about $35-million each.
Some Harvard alumni, who have called previous years' compensation by the management company "inappropriate, indefensible, and corrosive to the values of the university," were quick to denounce the latest payments as well.
William
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