Covering the business of education and training

Harvard lost more than its president when it forced Larry Summers to resign.

Oracle CEO, Larry Ellison, reneged on his pledge to give the school the $100 million he had verbally promised.

Summers explained in an interview published in Businessweek that he was 'in a hurry' to affect changes at Harvard. He wanted to use some of the billions in endowments that Harvard has to:

1. Improving science and technology facilities

2. Improving financial aid

3. Supporting public service

&

4. Increasing faculty commitments to undergraduate students at a time when the bulk of the teaching and grading load is done by grad students.

It seems to me, that he just wanted Harvard to do what a school is supposed to be doing.  And they bounced him, to the tune of $100 million.

Now, had it been Buffett who was Summers friend and $31 billion at stake, perhaps the tradition bound Harvard could have bent a little, no?

What do you think?