July 8, 2018
Harvard used to have some of its employees manage their endowment funds. These people were paid huge salaries and bonuses like professional fund managers of investment funds. The result was Harvard earned billions but the fund managers earned in millions. When their salary information was shared with their colleagues, it made them resentful. Harvard was forced to bring their pay in line with other colleagues. The fund managers left. Transparency is not easy to manage.
