The Larry Summers retirement announcement came Wednesday after new documents about Jeffrey Epstein communications emerged. Summers said he will leave his Harvard academic and faculty roles.
Harvard confirmed the decision through a university spokesperson. The retirement will take effect at the end of the academic year.
Larry Summers Retirement Confirmed by Harvard
Harvard Kennedy School Dean Jeremy Weinstein accepted Summers’ resignation from a leadership role. Summers served as co-director of the Mossavar-Rahmani Center for Business and Government.
Officials said the resignation relates to a university review of Epstein documents. The government recently released those records.
Larry Summers Retirement Follows Document Release
Summers said the decision to retire was difficult. He expressed gratitude to students and colleagues at Harvard.
Summers said he arrived at Harvard as a graduate student 50 years ago. He plans to focus on research and global economic analysis after retirement.
Background of Larry Summers Career
Summers served as U.S. Treasury secretary under President Bill Clinton. He also worked as an economic adviser to President Barack Obama.
He previously stepped away from teaching in November. The move followed scrutiny over his communications with Epstein.
House Committee Emails and Investigation
A House committee released a large collection of emails. The documents included Summers’ past communications with Epstein.
The release increased public attention around those contacts. Harvard began reviewing related records.
Additional Resignation Linked to Epstein Review
World Economic Forum President and CEO Borge Brende stepped down Thursday. His resignation followed an investigation into ties with Epstein.
Brende said he was unaware of Epstein’s criminal activities. The Larry Summers retirement announcement came during similar scrutiny over Epstein contacts.
