Word: summersã
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...strong fundraising returns came amid fears that large donors would table their gifts in the wake of University President Lawrence H. Summers??€™ departure. Lawrence J. Ellison, chief executive of Oracle Corp., called off his plans to donate $115 million and create the Ellison Institute for World Health—a decision he attributed to Summers??€™ resignation. At least three other substantial gifts were cancelled, including $100 million from publisher and real-estate tycoon Mortimer Zuckerman, $100 million from former Harvard Corporation member Richard A. Smith ’46, and $75 million from banker David Rockefeller...
Rubin, who has served on the Corporation since April 2002, was former University President Lawrence H. Summers??€™ most adamant supporter on the Harvard board this past winter. That put him at odds with his fellow Corporation members, who—sources say—pushed the president to step down...
Rubin’s presence on the search committee will allow him to push for a candidate who shares Summers??€™ vision for the University...
Rubin worked at Goldman Sachs for 26 years, including two years as co-chairman of the firm, before leaving to join the Clinton administration in 1993. He served as Treasury secretary from 1995 to 1999—when he was succeeded by his protégé Summers??€”and he then went to work for Goldman Sachs’ rival, Citigroup. Rubin joined Ford’s board of directors...
Martin Peretz, editor-in-chief of The New Republic, said that Summers??€™ university expertise and intellect made him a good choice for the blog...