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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
LawHarvard University

Harvard students capture Larry Summers insisting ‘it’s very important to fulfill my teaching obligations’

By
Kimberlee Kruesi
Kimberlee Kruesi
,
Holly Ramer
Holly Ramer
, and
The Associated Press
The Associated Press
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By
Kimberlee Kruesi
Kimberlee Kruesi
,
Holly Ramer
Holly Ramer
, and
The Associated Press
The Associated Press
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November 19, 2025, 2:45 PM ET
This combo shows Jeffrey Epstein, left, and U.S. economist Larry Summers.
This combo shows Jeffrey Epstein, left, and U.S. economist Larry Summers.New York State Sex Offender Registry via AP/Michel Euler)
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Harvard University has reopened an investigation into connections between former President Larry Summers and Jeffrey Epstein, a university spokesperson said Wednesday, and Summers’ office said he would resign from the board of OpenAI, the maker of ChatGPT.

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Regarded as a leading voice on the U.S. economy, the former treasury secretary was also affiliated with multiple think tanks, research centers and media organizations. Several of them confirmed that those affiliations have ended.

Harvard did not mention Summers by name, but the decision to restart the probe follows the release of emails showing that he maintained a friendly relationship with Epstein long after the financier pleaded guilty to soliciting prostitution from an underage girl in 2008.

“The University is conducting a review of information concerning individuals at Harvard included in the newly released Jeffrey Epstein documents to evaluate what actions may be warranted,” spokesperson Jason Newton said in a statement first reported by The Boston Globe and The Harvard Crimson.

An earlier review completed in 2020 found that Epstein visited Harvard’s campus more than 40 times after his 2008 sex-crimes conviction and was given his own office and unfettered access to a research center he helped establish. The professor who provided the office was later barred from starting new research or advising students for at least two years.

Summers said late Monday that he would step back from public commitments. His office said Wednesday that his plans include resigning from the board of directors of OpenAI.

“I am grateful for the opportunity to have served, excited about the potential of the company, and look forward to following their progress,” he said in a statement.

The OpenAI board said it appreciated Summers’ contributions and perspective.

Summers joined the OpenAI board in November 2023 as part of an effort to restore stability at the nonprofit and bring back its CEO, Sam Altman, after previous board members fired Altman days earlier.

On Tuesday, Summers appeared before his class at Harvard, where he teaches “The Political Economy of Globalization” to undergraduates with Robert Lawrence, a professor with the Harvard Kennedy School.

“Some of you will have seen my statement of regret expressing my shame with respect to what I did in communication with Mr. Epstein and that I’ve said that I’m going to step back from public activities for a while. But I think it’s very important to fulfill my teaching obligations,” he said.

Summers’ remarks were captured on video by several students, but no one appeared to publicly respond to his comments.

Epstein, who authorities said died by suicide in 2019, was a convicted sex offender infamous for his connections to wealthy and powerful people, making him a fixture of outrage and conspiracy theories about wrongdoing among American elites.

Summers served as treasury secretary from 1999 to 2001 under President Bill Clinton. He was Harvard’s president for five years from 2001 to 2006. When asked about the emails last week, Summers issued a statement saying he has “great regrets in my life” and that his association with Epstein was a “major error in judgement.”

Other organizations that confirmed the end of their affiliations with Summers included the Center for American Progress, the Center for Global Development and the Budget Lab at Yale University. Bloomberg TV said Summers’ withdrawal from public commitments included his role as a paid contributor, and the New York Times said it will not renew his contract as a contributing opinion writer.

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
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