To those who say that Summers is a great leader, consider this. There is not a single national organization, international organization, foundation, think tank, NGO, or publicly-traded firm that has offered to take him off Harvard's hands. Even privately-held Wall Street Firms are wary of a person who is renowned for insulting colleagues and donors (think investors). The fact is that there is no one waiting in line for his services.
 

Bob Rubin ought to do the honorable thing and resign from the Corporation as soon as he reasonably can. He rarely attended meetings of the Corporation anyway, and he made no effort to learn about Harvard affairs for himself (as opposed to getting a line purely from Summers). Almost single-handedly and quite unnecessarily, he created one of the worst periods in Harvard's history, and for what? There are other qualified leaders out there.
 

Watch the Harvard website this morning.
 

Anon #3: Will do. (See the post above.)

Anon #2: I don't see how Rubin can stay.

Anon #1: You sound like you know something the rest of us don't. Do tell!
 

I really hope Larry Summers does not have too much trouble finding a new job. Since he is over 50 years old he might run into some age discrimination, which of course is illegal, but I hear it happens all too often.
 

This is anonymous #1, replying to Richard's query.

There have been somewhat frantic queries to thinktanks, NGOs, and international organizations, asking whether they will offer Summers a position with a nice title that will give him a convenient way out. For understandable reasons, there were no takers as of quite recently. A member of the Corporation was heard to complain that Bob Rubin had gotten them into this and yet could not get them out with a corporate or Wall Street job for Larry. Last week, some B-school/economics types were speculating that privately held firms were the only possibilities that remained. Publicly held firms have shareholders, and shareholders have concerns...

Of course, the Corporation may now find a new employer for Larry given that his job search has gone from discreet inquiry to the front pages of the WSJ.