Harvard Reports $6.2 Million Pay for Endowment CEO as Top 6 Earn Over $25 Million
Updated
Updated · Bloomberg · May 15
Harvard Reports $6.2 Million Pay for Endowment CEO as Top 6 Earn Over $25 Million
1 articles · Updated · Bloomberg · May 15
$6.2 million was Harvard endowment CEO Narv Narvekar’s reported 2024 compensation, roughly in line with his pay in each of the prior two years.
More than $25 million went to the six highest-paid employees at Harvard Management Co., the unit that oversees the university’s investment portfolio.
$57 billion is the current value of Harvard’s endowment, the largest investment fund in US higher education.
About $5 million each went to chief investment officer Rick Slocum and to Sanjeev Daga, who serves as both chief operating officer and chief financial officer.
Is multi-million dollar pay for endowment managers the best way to fund higher education's future?
Could redirecting mega-donations from Harvard to smaller colleges solve the higher education crisis?
When universities operate like hedge funds, should their tax-exempt status be reconsidered?