Harvard pays 2 top money managers $25m
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Harvard University's endowment paid its two top investment managers about $25 million each last year, less than the pair earned a year ago, but still enough to irritate critics who consider the compensation excessive.
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World's richest Harvard alum tells grads to take on issue of human inequity and not be deterred by complexity.
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By Joe Bel Bruno Associated Press  NEW YORK -- Morgan Stanley Inc., the second-largest U.S. investment house, gave chief executive John Mack $40 million in stock and options for 2006, reflecting the largest bonus awarded to a Wall Street CEO.
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Some 25,000 Merrill Lynch employees are now using the Wealth Management Edition as part of a test-run partnership.
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Michael Cherkasky, the newly appointed chief executive of Marsh &amp; McLennan Cos., can pick up as much as $1.95 million annually under the terms of his pay package
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Willie Randolph is guaranteed $1.875 million under his three year contract with the New York Mets. It&#39;s one of the richest deals for a first year manager.
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The board of Harvard Management Corp., which oversees the billions at the world's richest university, met yesterday on the 13th floor of the Federal Reserve tower in Boston with a new chairman sitting at the head of the table for the first time in 15 years. Next week, annual returns for the $19.3 billion endowment are due, and they will ...
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Morgan Stanley paid its co-head of trading $35 million for 2006, making him the firmâs second highest-paid executive.
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Jack Meyer, who produced stellar investment results for Harvard's endowment but faced criticism for the multimillion-dollar paychecks he and his money managers earned, yesterday said he and some of his employees were leaving to start a private investment firm.
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BASEBALL The Houston Astros defeated former Red Sox infielder Mark Loretta in salary arbitration, improving teams to 5-0 against players this year and clinching the 12th consecutive winning year for management. Loretta will be paid $2.75 million rather than the $4.9 million he requested. The 36-year-old hit .287 with 4 home runs and 41 RBIs in 133 games last year. ...
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How should Harvard spend its money? This is a pretty obvious question that won't be asked enough in the months ahead, now that the world's largest university endowment is looking for another investment chief to succeed the outgoing Mohamed El-Erian.
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A growing number of endowments at the nationâs independent schools have become so big that trustees have hired full-time money managers.
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Morgan Stanley gave its chief executive, John Mack, the biggest bonus for the head of a Wall Street firm ever, awarding him $40 million as the company headed for the best profit in its 71-year history.
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Lehman Brothers Holdings Inc. LEH.N  Chairman and Chief Executive Richard Fuld received $26.3  million in compensation last year, a 33 percent increase from a  year earlier, as profit rose to a record.
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The price of success is $25 million, according to a filing Friday by the corporate rescue company of Enron Corp.&#39;s interim chief executive.
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The top manager of Harvard University's &#36;22.6-billion endowment and several deputies, who earned billions for the school but drew alumni criticism for their compensation, are leaving the school's in-house management company to start a private investment firm. The school announced the departures Tuesday.
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By Christine Harper  Morgan Stanley gave its chief executive, John Mack, the biggest bonus ever for the head of a Wall Street firm, awarding him $40 million as the company headed for the best profit in its 71-year history. Mack, 62, was granted stock valued at $36.2 million as of Dec.