Harvard Endowment CEO Reaps $9.3 Million Payday in Overhaul
- Under Narvekar, endowment lags behind some Ivy League peers
- Other Harvard professionals got more than $5 million in 2017
The Baker Library of the Harvard Business School stands on Harvard University campus in Cambridge, Massachusetts.
Photographer: Victor J. Blue/Bloomberg
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N.P. “Narv” Narvekar, head of Harvard Management Co., scored a pay package of $9.25 million in his first full year spearheading an overhaul of the university’s ailing $39 billion endowment.
The compensation for 2017 included $2.75 million that the school agreed to give Narvekar to reimburse him for pay he forfeited when he left his job overseeing Columbia University’s investment office in 2016, Harvard Management said in a release Friday.