Education: Wisely & Well

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.


Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!