Secretary of the Treasury for the last year and a half of the Clinton administration, and served as the 27th President of Harvard University from 2001 to 2006.
In three instances during his time as Harvard president, Summers made remarks that touched on political “hot-button” controversies. Environmentalists, affirmative action advocates, and many women and those concerned with women’s issues took offense and brought increasing pressure on Harvard, contributing to his resignation.
Summers left his position as President of Harvard on June 30, 2006, and was replaced by former University President Derek Bok as acting Interim President the next day.
Clinton appointee or not, when someone with his resume speaks he is listened to to some degree or another by the markets. This does not bode well.
No mention of said expert being a Demorat appointee in the article? What a surprise...