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Former Treasury Secretary Larry Summers will resign from his remaining roles at Harvard College over his ties to Jeffrey Epstein, the varsity confirmed to CBS Information on Wednesday.
Summers will retire on the finish of the tutorial yr however will stay on depart till then, a Harvard spokesperson stated in a press release.
Summers stepped again from his public commitments in November after the discharge of messages between him and the late convicted intercourse offender. He additionally resigned from the board of AI firm OpenAI and quite a few different positions at such locations as Bloomberg Information, The New York Instances, and the Heart for American Progress.
“I’ve made the tough determination to retire from my Harvard professorship on the finish of this educational yr,” Summers stated in a press release Wednesday. “I’ll at all times be grateful to the hundreds of scholars and colleagues I’ve been privileged to show and work with since coming to Harvard as a graduate scholar 50 years in the past.”
He added, “Freed from formal accountability, as President Emeritus and a retired professor, I look ahead in time to participating in analysis, evaluation, and commentary on a variety of worldwide financial points.”
Summers was Harvard’s president from 2001 to 2006 after serving as treasury secretary for then-President Invoice Clinton between 1999 and 2001. He was director of the Nationwide Financial Council within the Obama administration from 2009 to 2011.
Dozens of messages between Summers and Epstein had been amongst paperwork from Epstein’s property that had been launched by the Home Oversight Committee in November. Summers has not been accused of wrongdoing, however the emails confirmed that the 2 communicated frequently, even after Epstein pleaded responsible to prostitution prices in Florida, however earlier than he was arrested on federal intercourse trafficking prices in 2019.
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