Harvard's hoard

Article Abstract:

Former Secretary of the Treasury Summers will become president of Harvard University with an endowment larger than the net worth of most large corporations or the GDP of many countries. Summers will have the burden of how to spend the money, amidst protests and complaints that the school does not pay around 400 of its employees a living wage.

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The Yale Schmidt leaves behind

Article Abstract:

Yale University Pres Benno C. Schmidt is leaving to head the Whittle Communications Edison Project. Schmidt's tenure at Yale has been controversial. The faculty has revolted against his plans to restructure departments and scale down the university. Two key officials have resigned.

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The insider

Article Abstract:

An interview with Wall Street banker and corporate director Vernon Jordan is presented. He discusses his attitudes to colour and racism, golfing interests and friendship with President Bill Clinton.

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