Word: managerized
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“It does take scale, and there aren’t a lot of universities that have endowments large enough to make [internal management] work,” says former HMC investment manager Scott Sperling.
He revamped HMC’s compensation structure so that it rewarded longer-term performance and tied its structure to benchmarks selected by HMC’s board of directors that “outperform[ed] the average manager,” according to Meyer.
A stickier situation, Daniel says, is when the University discovers that an external manager has invested money in questionable businesses—especially when the University learns of the investment after the fact.
As the search progressed, Fineberg—once seen by the committee as the early leader—began to look less and less like a shoo-in. He had arrived at Harvard in 1967 and barely left since. Fineberg possessed a master’s degree, a medical degree...
Of the city? adoption of a living wage, Deputy City Manager James P. Maloney, Jr. says, ?t was proposed to the city by a lot of the same groups that proposed it to Harvard. We faced all the same issues that Harvard did.?