“When genius fails…it fails big.” - Forbes Magazine
Just a matter of weeks ago, 10 Harvard alums were calling for the $26.8 million in executive bonuses of Harvard Management Company to be given back to the College’s endowment, following the loss of more than $8 billion in the endowment fund since the previous fiscal year.
Long known for its prowess in investment circles, HMC had grown Harvard’s endowment to mythical proportions.
When the class of ‘69 began saying “Give it back!” public sentiment ranged from “Right on, ” to the money managers had a contract which Harvard must honor, to questions regarding whether the Harvard group was emerging from the ’60’s drug haze???
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JOHN PRESCOTT
-BostonKayakGuy
Top Real Estate Agent for more than 14 years, serving the real estate needs of Wellesley, South Natick, Weston, Needham, Wayland, Newton, Framingham and other MetWest communities. www.johnprescott.net
JOHN PRESCOTT
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