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Posted on: Oct. 27, 2016, 10:41 a.m.
Harvard University’s money managers collected tens of millions in bonuses by exceeding “easy-to-beat” investment goals even as the college’s endowment languished, employees complained in an internal review. The consulting firm McKinsey & Co., in a wide-ranging examination, zeroed in on the endowment’s benchmarks, or investment targets. Some of those surveyed said Harvard allowed a kind of grade inflation when it came to evaluating its money managers. Full investment news articleRelevent to this post: Massachusetts Institute of Technology Harvard University,