< 1 min read
August 27, 2014
Group of Harvard alumni protest salary hikes of university's endowment managers-- whose compensation packages have increased 48% in 3 years.
"A group of Harvard graduates has sent a letter to university President Drew Faust criticizing a huge jump in compensation for managers of the institution’s investment portfolio, Bloomberg reports. Salaries, benefits, and bonuses at the Harvard Management Company, the internal unit that oversees the university’s $32.7-billion endowment, rose from $63.5-million in 2010 to $132.8-million last year, according to tax filings." -- the Chronicle of Philanthropy