Harvard Rules: Lawrence Summers and the Battle for the World's Most Powerful University

It is the richest, most influential, most powerful university in the world, but at the beginning of 2001, Harvard was in crisis. Students complained that a Harvard education had grown mediocre. Professors charged that the university cared more about money than about learning. Harvard may have possessed a $19 billion endowment, but had it lost its soul?

The members of Harvard's governing board knew that they had to act. And so they made a bold pick for Harvard's twenty—seventh president: form...