Word: el-erian
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During fiscal year 2007, the first full year with El-Erian at the helm of HMC, the endowment returned 23 percent, ballooning from $29.2 billion to $34.9 billion...
...El-Erian, 49, said in a statement released yesterday that he and his wife were returning to California to “be closer to our family...
...mail to the HMC staff obtained by The Crimson, El-Erian wrote that they “feel that the right thing to do is to move back closer to [our daughter’s] family in California and, in this way, enable our daughter to have a greater sense of family during her important formative years...
...time at Harvard has exposed me to many wonderful and interesting issues and people,” El-Erian said in the statement. A search for El-Erian’s successor will begin immediately, an HMC press release said...
...El-Erian came to Harvard in February 2006 after a protracted search lasting over 10 months...