Word: meyerã
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...Meyer??€™s departure is not an isolated event—HMC has been hemorrhaging talent as of late. Meyer took 30 of HMC’s roughly 175 employees with him, and his departure is just the latest in a slew of departures by top managers. The exodus has been spurred by both the high level of scrutiny that HMC faces and the fact that the private sector pays better. Both of these factors have been aggravated in recent years by alumni pressure led by seven members of the Class of 1969 who were outraged that some years...
Rothenberg declined to provide details regarding the nature and length of Meyer??€™s advisory role. Meyer did not return calls seeking comment yesterday...
...Meyer??€™s firm, Convexity Capital Management, traces its name to a bond term that describes the convex relationship between price and yield for bonds. Meyer??€™s fund is expected to focus on bonds as two of the top managers that Meyer took with him—David Mittelman and Maurice Samuels—were renowned bond traders at HMC. Mittelman and Samuels were also the two highest paid managers at HMC in the past two fiscal years...
With no permanent chief in place and the University’s nearly 10-month search for Meyer??€™s successor continuing, Harvard has installed a temporary framework of leadership at HMC that gives new prominence to two individuals who live hundreds or thousands of miles from Boston, where the University invests its $25.9 billion war chest...
Last week, University officials said Meyer??€™s departure would have little effect on daily work at HMC given the contributions of its senior professionals, but the firm will incur a loss of 30 employees in total, comprising about 17 percent of its staff...