<p>"In general, I think Princeton is most renowned for its research work, while Harvard is most famous for its leaders in business/government."</p>
<p>Here is a list I have compiled of notable people who received their bachelors at either Harvard or Princeton and have positions in 'business/government' who are still holding their posts in said areas, still active, or very recently were active (within approx. last 10 years).</p>
<p>Leaders in Business/Government: </p>
<p>-U.S. Federal Gov/State Gov/Judiciary/Local Gov. </p>
<p><em>Harvard</em></p>
<p>Albert Gore (Fmr. Vice President), R. Blumenthal (Att. Gen of CT), Michael Chertoff (Sec. of Homeland Security), Tom Ridge (Fmr. Sec of Homeland Security and Gov-PA), John Roberts (Chief Jus. - Sup. Court), Charles Schumer (Sen.-NY), David Vitter (Sen.-LA), William Weld (Fmr Gov.-MA),</p>
<p><em>Princeton</em></p>
<p>Bob Erlich (Gov-MD), Bill Frist (Sen. D-TN), Paul Sarbanes (Sen. D-MD), Mitch Daniels (Gov-IN), D. Rumsfeld (Sec.-Defense), Samuel Alito (Jus.- Sup. Court), Josh Bolton (White House Chief of Staff), Robert Mueller (Director of FBI), Bill Bradley (Fmr. Sen.-NJ), Jim Leach (Rep-IA), Richard Riordan (Fmr. Mayor- Los Angeles) </p>
<ul>
<li>Business Leaders/Economists//Organizations/Journalism/Entertainment</li>
</ul>
<p><em>Harvard</em></p>
<p>Steve Ballmer (CEO-Microsoft), Lloyd Blankfein (CEO/Chairman-Goldman Sachs), David Graham (CEO/Chairman - Washington Post), Trip Hawkins (Electronic Arts), William Kristol (The Weekly Standard), Scott McNealy (Chair.- Sum Microsystems), Franklin Raines (Ceo/Chair- Fannie Mae), Sumner Redstone (CEO/Chair.- Viacom), James Wolfensohn (Fmr. Pres. - World Bank Group), Jeff Zucker (Pres. - NBC Universal).</p>
<p><em>Princeton</em></p>
<p>James Aubrey, Jr. (Pres. CBS & MGM), Jeff Bezos (Amazon.com), Steve Forbes (Forbes Magazine), F. Thomson Leighton (Akamai), Eric Schmidt (CEO- Google), Meg Whitman (CEO-eBay), Peter Lewis (Chair.-Progressive), Richard Bott (VChair.-Morgan Stanley). Katrina vanden Heuvel (Editor-The Nation), Anthony Romero (Exec. Director- ACLU), Jim Kelly (Managing Editor -Time), Richard Stengel (Managing Editor - Time), John Stossel (20/20).</p>
<p>(Source: Wikipedia)</p>
<p>As you can see, the balance in notable alumni in both the realms of business and government are just about equal. Since Princeton does not have a law school or a business school, it would not be fair to add graduates of Harvard's Professional Schools of those areas, of course.</p>