Summers' resignation and the worker-owned university

Looks like Summers is resigning as Harvard president.  According to the WSJ:

Backing for Mr. Summers from Harvard's seven-member governing board, known as the Corporation, has eroded in recent weeks in the face of renewed criticism from many arts and sciences faculty members, the people familiar with the matter said. . . Mr. Summers's supporters, and even some of his detractors, say they are worried it will be difficult for Harvard to find a strong successor now that the faculty has demonstrated its clout.

The bottom line is that it has become clearer, as I said a year ago, that Harvard, like other universities, is worker-controlled. The next Harvard president, unlike Summers, will be very aware of who’s the boss. Buy why should it be hard for Harvard “to find a strong successor”? Why not a “strong” advocate of faculty interests?

The problem is – what are those “interests”? University faculty are a notoriously unruly lot. Moreover, the interests that end up mattering are not those of the average or majority but of the loudest faction. These are inherent problems in worker-owned firms.

Comments

[Robert Schwartz]

Either that or Harvard is lapsing into chaos as the inmates take ofer the asylum. My children were not allowed to apply to Harvard.