But for all of Bacow’s and Summers’s differences and similarities, one element will likely remain as constant for the second Larry as it did for the first: an attentive Faculty eager to push the boundaries of its governing power.
As the aftershocks of the Corporation’s decision continue to reverberate through campus, and as a former Corporation member prepares to take Harvard’s top job, some wonder whether the University is entering a new era: the age of the Corporation.
Dean of the Faculty of Arts and Sciences Michael D. Smith, who is stepping down at the end of the year, made $701,956 in total salary and benefits in 2016, while Provost Alan M. Garber ’76 and made $871,960.
Harvard has raised $9.1 billion as part of its ongoing capital campaign as of March 31, according to a dean of the University and multiple alumni who attended a celebratory event in Sanders Theater Saturday afternoon.
David M. Rubenstein, a member of the Harvard Corporation, discussed his non-linear path to private equity, outlined his philanthropic vision, and ruminated on past failures at a Harvard Business School event Monday.