The NY Times reports,

Lawrence H. Summers resigned yesterday as president of Harvard University after a relatively brief and turbulent tenure of five years, nudged by Harvard’s governing corporation and facing a vote of no confidence from the influential Faculty of Arts and Sciences.
The announcement by Dr. Summers, an economist and a former secretary of the Treasury, disappointed many students on the campus and raised questions about future leaders’ ability to govern Harvard with its vocal and independent-minded faculty.
But advisers and confidants of Dr. Summers said he privately concluded a week ago that he should step down, after members of Harvard’s governing corporation and friends — particularly from the Clinton administration — made it clear that his presidency was lost.

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