You Post, I Respond
A poster below takes issue with my post about Harvard and donations this morning. The poster raises some serious questions, so let me address them...which I will in between his (italics added) criticisms.
As you said about Seward's article... your article would have been stronger if...1. You knew what you were talking about (about some things). For instance, Zuckerman's media properties have little to do with his wealth. Boston Properties, which is near an all time high, has everything to do with it. Where did you get "by all accounts"...what accounts? The media properties are privately held and you have no idea how they are doing.People tell you things, but that does not necessarily mean they are correct. For instance, in your recent Boston magazine piece, a number of quotes (while I'm sure they were accurate on your part) were complete fabrications (i.e. not true) on the part of those who gave them to you. They had an agenda and you fell for it. We expect more from a good journalist like you.
It's true that when people give you anonymous quotes, you're more susceptible to manipulation than when they go on the record (said the blogger to the anonymous poster). You try to minimize that possibility by seeing if other people are saying the same things, by tending not to use the most extreme quotes, by including other points of view when they exist, and by pushing people to go on the record.
Nonetheless, I'd be happy to hear what specific quotes the poster had in mind. Seriously. If you think that something in the Boston Magazine piece was off-base, I welcome your commentary. Even if it's anonymous.
I know that Mort's profits come from Boston Properties, but his losses seem to come from his media holdings, U.S. News & World Report and the Daily News, both of which have endured repeated staff cuts, losses in advertising revenue, and shrinking circulation. By the published accounts I've read, anyway.
2.You said: "He could go to Mort Zuckerman and say, I want $100 million, and I want it for x, which is a hell of a way of adding to the president's discretionary spending." Huh? I think you are mixing things up. This has nothing to do with the President's discretionary spending.Okay, let me rephrase for clarity, since, admittedly, I used the term "discretionary spending" casually. What I meant was that such gifts, given to support Summers' specific priorities, were a great way for him to fund what was important to him, and a means of increasing his own power. If, for example, you have donors who are loyal primarily to you rather than to the university, and are giving to fund
your priorities...then, on the off-chance that you get fired, you can argue that your firing is bad for Harvard.
3. To give you an example of how wrong jounalists can be, Seward got it exactly wrong when he said Byron Wien was a major Harvard giver. Where did Seward get that from?
Got me? Zach, if you're reading this...
And finally, here is what I said last month (and was chastised for saying it because "it wasn't true")" You might be surprised to learn that Larry is (still) held in very high esteem by most of those alumni who contribute large sums of money to the university. Many of them think the FAS faculty members are nothing more than whiners who are completely out of touch with the real world. I know this may be hard for you to believe, but it is true."
I can't speak to whether "most" of the alumni who give large sums of money hold Larry in high esteem, but I am sure that many do, and I don't think I've ever said otherwise. I'm sure that your description of their attitude regarding FAS is also true, if ironic; the idea of Wall Street financiers pulling down seven- and eight-figure salaries, helicoptering to the Hamptons, living high above Park Avenue, being in touch with "the real world" is hilarious.
Nonetheless, there's certainly a big problem for Harvard here in terms of the common perception—misperception, I would argue—of the faculty as a bunch of out-of-touch lefty loonies, and I have long argued that the Harvard faculty ought to make a serious, sustained and concerted effort to address this caricature.
One example that complicates the poster's thesis: Harry Lewis is not exactly a "whiner" who's "completely out of touch with the real world," as his book,
Excellence Without a Soul, showed...and yet, he was one of Summers' fiercest critics.