Around 9:30 in the morning on two Mondays in every month, seven sedate and prosperous-looking gentlemen file into Harvard University's Massachusetts Hall and seat themselves around a long polished table. There, for some five hours, with time out for lunch, they sit talking of university policy, investments and endowments. By tradition, they never take a vote unless they are all pretty sure that it will be unanimous. Thus, with one single august voice, do four lawyers, one chemist, one investment counselor and a physician mastermind the affairs of the nation's oldest university.
Usually...