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IRS Audits Harvard Management Company’s Investment Activities

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The IRS is examining questionable practices at college endowment funds across the country. The biggest of these funds is Harvard’s, where questionable practices have coincided with Jack Mayer, Harvard Management’s chief from 1990 to 2005, being paid as much as $7.2 million per year and some of Mayer’s staffers getting as much as $35 million over that period of time.

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