Word: erian
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...compensation system will be always a function of performance. We will not pay if performance is not delivered,” says El-Erian. He points out that a certain portion of a manager’s performance-based pay is deferred for a year under the current system, ensuring that “people are incentivized to perform over time and consistently rather than...
...common in the financial industry to have your compensation in the front page of The Crimson and the front page of the Boston Globe,” says El-Erian. “But the attraction of being part of the mission of Harvard Management is so strong that people are willing to be humiliated in public...
...analogy I use is that in the past Harvard Management was a V-12 that was driven very rapidly, and the bulk of those cylinders were on the fixed income side,” says El-Erian. “In the future, once we finish the transition period, we will look like a V-12 but those cylinders will be much more diversified. That is because the sort of experience that went with David and Maurice doesn’t get recreated overnight...
...Erian wants to expand Harvard’s presence in foreign currency management. Since the University already has extensive overseas holdings, he says, HMC should manage its foreign currency exposure so as to soften the potential blow from exchange-rate fluctuations...
...Erian wants to capitalize on the resources of Harvard’s own scholars to expand HMC’s expertise. “Every single faculty member would like to see the endowment do well,” he says. “It’s a wonderful alignment of incentives...