At the Harvard School of Business Administration, Professor Philip Cabot, 57, teaches incipient timocrats the devious financial ways of public utilities companies. His brother, Dr. Richard Clarke Cabot, four years older, is a professor at the Harvard Medical School. Philip's twin, Dr. Hugh, taught at the Harvard Medical School from 1910 to 1918. In 1919 he became Professor of Surgery at the University of Michigan, was made the school's Dean two years later.
Both Medical Cabots have pronounced and individualistic views on professional ethics. Dr. Richard, who pontificates unofficially over Boston medicos,...