If
@Harvard President Gay resigns, it does not restore Harvard’s reputation. That would only begin when the Corporation board members acknowledge that they made a bad choice of leader, which they have been unwilling to do.
The first step to reputational repair is to acknowledge one’s failures, analyze what went wrong, and then take definitive steps going forward to ensure the error is not repeated.
By waiting for President Gay to resign, the board members can temporarily disclaim responsibility and avoid the inevitable racism accusation, but they are digging a deeper whole for themselves.
When your CEO has done the indefensible, you must take immediate action to replace her. If you don’t, you become culpable in what was initially only her failures.
Ultimately, the buck stops with the Harvard Corporation board. They need to act now.
Each hour of inaction further damages the institution for whom they have a fiduciary responsibility. The board’s actions and inactions to date are indefensible in light of their fiduciary responsibilities to Harvard, the faculty, the student body, the alumni community and other societal stakeholders.
The Harvard Corporation Board is not an honorarium. It is a serious societal responsibility.
We deserve better.