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HMC Chief Steps Down

El-Erian cites family concerns as reason for departure

Mohamed A. El-Erian will leave the Harvard Management Company at the end of 2007, after spending only a year and a half as its leader.
Mohamed A. El-Erian will leave the Harvard Management Company at the end of 2007, after spending only a year and a half as its leader.
By Claire M. Guehenno and Laurence H. M. holland, Crimson Staff Writerss

CORRECTION: The Sept. 12 news article "HMC Chief Steps Down" gave the wrong name for the executive at Pacific Investment Management Company (PIMCO) that Mohamed A. El-Erian, president and CEO of Harvard Management Company, was expected to succeed if he had not come to Harvard. The executive was Bill Gross, founder of PIMCO and manager of the company's bond fund—not William S. Thompson, the company's CEO.

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