A flippant, fearless, and fundamental countdown of big money investing.

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#38 Getting Fired

Anatomy of a Dismissal

The exodus of senior staff from the Stanford Management Company (SMC) began in 2006. The institutional community noticed. Stanford’s investment board took action after eight-and-half-years of turnover and the ouster of SMC’s deputy. What follows is a partial account of management-level exits under CEO John Powers.


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