…in the pocketbook.
Wealthy alums are increasingly showing their displeasure at the ousting of Lawrence Summers as university president by overbearing faculty cliques. To date they have withdrawn or postponed their donations to the university to the tune of $390 million–no small change even for Harvard.
Some of these unhappy donors are rightfully blaming the pusillanimous campus board that failed to defend and support Summers.
Alums can make a big difference in restoring checks and balances in the governance of our campuses. You can bet that universities across the country will take notice of the Harvard alums who are voting with their purse for leadership and oversight.