<p>"Why Harvard's Summers Flunked the Presidency</p>
<p>By NATHAN THORNBURGH </p>
<p>Posted Tuesday, Feb. 21, 2006
Harvard President Lawrence Summers, who announced his resignation Tuesday after a tumultuous five years in office, was known for his rough touch. He saw it as his job to prod a potentially complacent institution.</p>
<p>But his tenure was marked by often bitter departures of some of the universitys highest-profile minds, from Cornel West in 2002 to the recent resignation of William Kirby, the dean of the Faculty of Arts and Sciences. The monthly meetings between Summers and Harvard faculty were never love-ins, but sources tell Time.com that the most recent meeting, on February 7th, turned into an unusually bitter showdown, not just over Kirbys departure, but also over new allegations tying Summers to an old scandal.</p>
<p>At issue is Summers handling of a Russian fraud scandal involving a close friend and colleague, Harvard Economist Andrei Shleifer. Shleifer and Harvard were found liable for combined penalties of nearly $30 million in 2004 after they were charged with defrauding a U.S. government program designed to help Harvard economists privatize the Russian economy in the 1990s.</p>
<p>The scandal has long been considered one of Harvards darker hours, but a new 28-page exposé by investigative reporter David McClintick, published in the January 2006 issue of Institutional Investor magazine, brought new heat on Summers, whom the article describes as going out of his way to protect his old friend and protégé Schleifer, who is still a senior faculty member at the university. In part because of the report, the faculty meeting in balustraded University Hall found Summers under sustained attack, according to mechanical engineering professor Frederick Abernathy.</p>
<p>I was somewhat taken aback. I had not expected to have something like 10 people speaking out against him, says Abernathy. Some were asking point-blank for his resignation, others were saying they were going to put a lack of confidence motion on the agenda for the next meeting. [The denunciations] went on for almost an hour..."
<a href="http://www.time.com/time/nation/article/0,8599,1161877,00.html%5B/url%5D">http://www.time.com/time/nation/article/0,8599,1161877,00.html</a></p>