Word: shleifer
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Knowles was the dean of FAS in 2002 when Shleifer was originally elevated to the Jones professorship. That was three years after Shleifer received a prestigious prize awarded to the top American economist under age 40, the John Bates Clark Medal, which his close friend, Lawrence H. Summers, had won six years earlier...
...While Shleifer was an undergraduate at Harvard, he was hired as a research assistant by Summers, then an MIT assistant professor, according to The Journal of Economic Perspectives. And prior to Shleifer’s appointment as the Jones professor, around the time that Shleifer’s once-and-future boss became Harvard’s president, Summers told Knowles that he “was concerned to make sure that Professor Shleifer remained at Harvard” because of Shleifer’s academic potential, according to a 2002 deposition given by Summers...
Summers later told The Crimson that he recused himself from the Shleifer case “within a few days since I took office.” The Corporation’s senior fellow, James R. Houghton ’58, and the University’s former top lawyer, Anne Taylor, have both publicly stated that Summers had no involvement in the Shleifer litigation...
Interim President Derek C. Bok has also said he would not participate in any disciplinary decisions regarding Shleifer because of his role as an adviser to both the Corporation and Shleifer during the Summers presidency...
...Shleifer case has been a source of discontent in the Faculty of Arts and Sciences, especially during Summers’ presidency, when some professors thought Shleifer was receiving preferential treatment due to his close relationship with Summers...