Word: rubins
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This past weekend, the Harvard Corporation waved goodbye to its youngest member, Herbert S. “Pug” Winokur ’64-’65, of Enron notoriety. Two days later, in confirming the appointment of former Secretary of the Treasury Robert E. Rubin ’60, they scored a long-awaited and much-needed public relations...
Some think picking Rubin to replace outgoing Senior Fellow Robert G. Stone Jr. ’45 is a savvy move. After all, Rubin’s protégé is the man in Mass. Hall—University President Lawrence H. Summers. Their tight relationship is famous in Washington circles: they have known and worked with each other for a quarter of a century. Rubin is credited with softening Summers’ rough edges and grooming him to ascend the government ladder—Summers was his deputy and successor at Treasury. Last year, when the University...
...keep in mind that his Corporation membership too should prompt questions. One wonders whom else they considered for the slot: it seems like settling on Rubin was all too easy. Did they even discuss anyone else? Thanks to the traditionally zipped lips, I have no idea; but I suspect not. They’d been trying to get him since he left Treasury in 1997, according to comments he made in The Crimson. He’d played hard-to-get earlier, but now, with the bait of working with Summers again on the end of their fishing line...
...answer depends on who fills that last slot—the unexpected vacancy left by Winokur, whose departure, frankly, is long overdue. (Now, when is Doris Kearns Goodwin going to follow his more dignified example?) Rubin chairs the executive committee at Citigroup. He continues the alarming business-appointee trend of recent years, and at least to the eye of the sometime Mass. Hall observer, he doesn’t exactly expand the Corporation’s repertoire. The University’s highest governing body, already considered basically irrelevant by the average student, is once again in danger of becoming...
Rubin’s appointment, however, does raise some serious questions about the nature of search committees at Harvard. Many of the fears that Rubin was chosen mainly because of his personal connection with Summers could have been allayed by a transparent selection process...