Harvard Paid Former Endowment Chief $14.9 Million in 2015
- Blyth left last May after 18 months at $35.7 billion fund
- New CEO Narvekar will hire outside managers, reduce staff
Harvard Said to Seek Sale of $2.5B in Endowment Assets
This article is for subscribers only.
Former Harvard University investment chief Stephen Blyth received $14.9 million in 2015, making him one of three highly compensated employees at the endowment who have left the underperforming fund, according to a tax filing Friday.
Blyth, 49, was chief executive officer of Harvard Management Co., the university’s nonprofit investment arm, for about 18 months, before leaving last May for personal reasons. His pay, which includes salary and bonus, was larger than the $11.6 million median compensation in 2015 for a CEO in an S&P 500 company, according to data compiled by Bloomberg.