The departure of Larry Summers from his remaining academic posts at Harvard University closes a chapter that began half a century ago. It also formalises a retreat that has been unfolding for months.Summers will resign from his academic and faculty appointments at the end of the academic year, relinquishing his University Professorship, Harvard’s highest faculty distinction. He will remain on leave until that time. A university spokesperson confirmed the decision to The Harvard Crimson.
He has also stepped down from his role as co director of the Mossavar Rahmani Center for Business and Government at the Harvard Kennedy School, a position he had held since 2011. According to The Harvard Crimson, he will not teach or take on new advisees.For decades, Summers occupied multiple centers of influence. His career included academic research, service as United States Treasury Secretary, and the presidency of Harvard. Even after stepping down as president in 2006, he remained one of the university’s most prominent faculty members.In a statement to The Harvard Crimson, Summers described the decision to leave as difficult. He said he remained grateful to the thousands of students and colleagues he had worked with since arriving at Harvard as a graduate student fifty years ago. Free of formal responsibility as President Emeritus and a retired professor, he added, he looked forward to engaging in research, analysis and commentary on global economic issues.
The disclosures that reshaped his standing
The decision follows the disclosure in November of emails detailing a long standing personal relationship between Summers and Jeffrey Epstein.Summers exchanged messages with Epstein over at least seven years. The correspondence covered women, politics and projects connected to Harvard. Contact continued as late as July 2019, the day before Epstein’s final arrest.After the first release of emails, Summers said he would continue teaching. As further correspondence was reviewed, he announced that he would step back from public commitments and leave his teaching post. In the days that followed, he parted ways with several organisations, including The New York Times, Bloomberg L.P. and OpenAI.Shortly thereafter, the American Economic Association issued a lifetime ban. Harvard launched a formal review of Summers’ ties to Epstein as part of a broader re examination of the university’s historical connections to the financier. The review also includes other affiliates and donors named in the documents.In late December, a second set of records released by the United States Department of Justice indicated that Summers had been designated as a successor executor in a 2014 draft of Epstein’s will. The designation would have placed him in a position to oversee the estate if primary executors were unable to serve. A spokesperson for Summers told The Harvard Crimson at the time that he had no knowledge of being included in an early version of the will.
The institutional question that remains
The volume of contact between Summers and Epstein ran into thousands of emails and phone calls. According to The Harvard Crimson, the correspondence extended beyond professional matters. In several exchanges, Summers sought Epstein’s advice on personal issues, including a romantic relationship with a woman he described as a mentee.Summers’ resignation from academic roles does not end the institutional review underway at Harvard. It does, however, remove him from formal positions of authority within the university. The broader question for Harvard is not only about one former president’s conduct, but about how institutions assess proximity, disclosure and accountability when reputational risk becomes structural.For Summers, the transition marks a move from formal academic office to independent public commentary. For Harvard, it marks another step in an ongoing reckoning.
