Larry Summers, the former Treasury secretary, Harvard president and Obama economic adviser, was pitted against Amy Chua, Yale law professor and self-proclaimed “tiger mother,” at the World Economic Forum in Davos, Switzerland, notes the Wall Street Journal. An Ivy League degree isn’t everything, Summers said.
“Which two freshmen at Harvard have arguably been most transformative of the world in the last 25 years?” he asked. “You can make a reasonable case for Bill Gates and Mark Zuckerberg, neither of whom graduated.” If they had been the product of a Tiger Mom upbringing, he added, their mothers would probably have been none too pleased with their performance.
The A, B and C alums at Harvard in fact could be broadly characterized thus, he said: The A students became academics, B students spent their time trying to get their children into the university as legacies, and the C students—the ones who had made the money—sat on the fund-raising committee.
Of course, thanks to grade inflation, the Ivy League isn’t turning out B or C alums any more. The elite colleges take A or A+ students. The most creative and entrepreneurial may not see the need to complete a degree.