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Rating:Harvard Investment Managers are in the Hot Seat Not Rated 2.3 Email Routing List Email & Route  Print Print
Friday, December 21, 2007

Harvard Investment Managers are in the Hot Seat

by: Erin Kello

Today's WSJ FundTrack John Hechinger and Craig Karmin, take on the managers of the Harvard endowment, specifically how much those managers get paid. Hechinger and Karmin point out that at a time when Congress is taking a closer look at wealth at the elite universities, pay for Harvard's investment managers doubled. Mohamed El-Erian, who recently became co-chief investment officer and co-chief executive officer of Pimco, was paid $6.5 million in the year ended June 30, 2007. Some Harvard professors have also questioned whether paychecks of this size are appropriate for a non-profit institution to be handing out.  

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