Harvard alumni oppose high fees for ex-endowment pros
Thu Jan 27, 2005
The same Harvard alumni who decried the high salaries that
the university paid to its endowment managers are now lashing
out against paying high fees to money managers who operate
The group of alumni whose complaints led to former endowment
chief Jack Meyer quitting earlier this month has now sent a
warning to university president, Lawrence Summers. They stated
that the school should "brace for enormous opposition" if it
pays the former managers more money to run the school's assets
after they left than it did while they were there.
ISSN: 2151-1845 / CDC10004H
The full contents of this article are available to active AR subscribers and trialists only.
TAKE A FREE TRIAL
To continue reading please, take a free trial, subscribe or log in to AR.
Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.