Harvard’s endowment is now back over $30 billion.
To manage this endowment, Harvard employs a platoon of hedge fund managers who are paid like, well, hedge fund managers.Just the top 5 of these hedge fund managers, Unz reports, recently took home $78 million in a single year.
That’s $16 million apiece.
Harvard’s full professors, meanwhile–all 450 of them–take home $85 million a year.
That’s $188,000 apiece.
Not much question about who’s “the help” in this arrangement.