Harvard Loses an Investing Star

Jack Meyer, who shepherded the university's endowment to great returns, is leaving to start his own firm, citing the debate over his pay
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By William Symonds

How do you replace Babe Ruth? That's the dilemma facing Harvard University, following the Jan. 11 announcement that Jack R. Meyer, the legendary CEO of the in-house firm that manages Harvard's endowment, will be stepping down this summer.