[Harvard University professor Lawrence Summers] consults not only for hedge fund DE Shaw but for venture-capital firm Andreessen Horowitz, asset-management and advisory firm Alliance Partners, stock-exchange operator Nasdaq OMX Group Inc., and for financial services firm Citigroup. He also has a healthy income from speaking — more than $100,000 earlier this year, for example, for a single speech to a conference organized by Drobny Global Advisors.
That is a busy schedule for a full-time faculty member who, like other professors, is allowed only a day a week for consulting — and Summers also chairs the advisory board of the Minerva Project, an online university startup, and holds an administrative role as Director of the Mossavar-Rahmani Center for Business and Government at the Harvard Kennedy School.
This is the same Lawrence Summers who told Professor Cornel West to stop spending so much time on his outside activities and get back to his scholarship — because more was expected of a University Professor.
Harry Lewis, Huffington Post.