Harvard Loses $390 Million After Summers Flap

The resignation of Harvard President Lawrence H. Summers has led three more major donors to cancel or put on hold huge contributions to the university.

Summers, who announced his resignation in February, had been embroiled in controversy after he suggested at a closed meeting in January 2005 that women in general have less aptitude than men in science and math.

As NewsMax reported earlier, Oracle Corp. CEO Larry Ellison rescinded a $115 million gift to Harvard this past June due to Summers' resignation. the rest