Summers' integrity problem will not go away. That cannot help his reputation in the financial world. His inclination to deceive is now part of the authoritative history of Harvard. See the epilogue of the new edition of Making Harvard Modern by the Kellers. An excerpt:

At a February 7, 2006, faculty meeting, the many strands of anti- Summers sentiment coalesced. Ill-feeling stirred by the manner of Kirby's removal was enhanced by concern over the supposed misdeeds of Economics professor Andrei Shieifer. A former student and close friend of Summers, Shieifer had led a U.S.-funded Harvard program that advised the post-Communist Russian government on privatizing state enterprises. In the course of his work he, an associate, and their wives invested in that country's developing bond market. A Federal court found Shieifer guilty of conspiracy and Harvard in breach of contract with the government. Shieifer paid $2 million and Harvard $26 million to settle the case. The story, detailed in an article anonymously distributed to some faculty members before the February 7 meeting, led to questions from the floor as to what Summers knew, and when. He claimed to have no opinion at detailed knowledge on the matter, to the manifest disbelief of many of those present.

Fifteen faculty members (including five scientists) spoke against Summers; no one defended him. A few days later Anthropology professor Peter Ellison, who had resigned as Dean of the Graduate School became of unsatisfactory dealings with Summers, criticized him for his treatment of Kirby. He also accused Summers of being less than truthful when he denied that there had been discussions about extending the authority to grant Ph.Ds to non-FAS Schools.
 

I admired the Kellers' book (first edition), but if this citation from the new edition is accurate, I'd have to lower my view, since they seem to be ignoring clear evidence in favor of not taking a stand.

"Supposed misdeeds" and "being less than truthful" are weasel-words. They should have written "misdeeds" and "lying".
 

Instead of rehashing old strikes against LHS, let's instead remark on the stunning banality and general lameness of this piece. I bet that even Cornel West has more interesting things to say about sub-prime lending. Oh wait, there I go, rehashing old strikes against LHS...
 

What intrigues me is why a man who has such a nimble mind in discussion becomes such a pedestrian thinker when he puts pen to paper....but perhaps it was not always thus?
 

I heard him give speeches while he was president of Harvard, and they were a mess. One part just didn't jibe with the next.