What Happened
Former U.S. Treasury Secretary Larry Summers will resign from his teaching position at Harvard University, as announced by the university on Wednesday. This decision comes amid an ongoing review of his connections to Jeffrey Epstein, following the release of documents that revealed Summers’ name appeared numerous times in Epstein’s files.
Why It Matters
Summers, who has been on leave since November, expressed that his departure is a difficult decision. He has served in various significant roles, including as Treasury Secretary under President Bill Clinton and as Harvard’s president from 2001 to 2006. His resignation from the university and from his leadership role at the Harvard Kennedy School reflects the increasing scrutiny surrounding his past associations with Epstein, a convicted sex offender.
What’s Next
According to a statement from Harvard spokesperson Jason Newton, Summers will officially retire from his academic and faculty appointments at the end of the current school year. He has indicated plans to engage in research and commentary on global economic issues after stepping down from formal responsibilities.
