Elsewhere online
May 15, 2015

Harvard Paid Investment Chief $9.6 Million in 2013

Jane Mendillo, then-chief executive of the Harvard Management Company, was paid $9.6 million in 2013, double her compensation in the previous year, The Boston Globe reports, citing university tax filings. The $36.4 billion Harvard endowment's highest-paid investment manager that year was Stephen Blyth, then the head of public-market investments, who earned $11.5 million.

Mr. Blyth took over leadership of the country's biggest higher-education endowment on January 1 following the departure of Ms. Mendillo, who stepped down at the end of 2014 after six years on the job. Ms. Mendillo steered the Harvard fund through tumultuous times following the 2008 financial crash, but its investment performance has lagged behind that of Ivy League peers and other elite universities over the past decade.