Case | HBS Case Collection | November 2001 (Revised December 2003)

Incentive Pay for Portfolio Managers at Harvard Management Company

by Brian J. Hall and Jonathan Lim

Abstract

This case describes the compensation system for portfolio managers at Harvard's portfolio management company, including its formulaic and bonus bank features. Harvard Management Co. President Jack Meyer explains the philosophy behind the incentive pay at his company.

Keywords: Motivation and Incentives; Investment Portfolio; Compensation and Benefits; Financial Services Industry;

Citation:

Hall, Brian J., and Jonathan Lim. "Incentive Pay for Portfolio Managers at Harvard Management Company." Harvard Business School Case 902-130, November 2001. (Revised December 2003.)