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October 10, 2013 11:00 pm GMT

Thiel Fellows Program Is Most Misdirected Piece Of Philanthropy, Says Larry Summers

6258268010_14f0ff978c_bTwo years after billionaire tech investor Peter Thiel announced an experiment to pay bright high schoolers to drop out of college for $100,000, the Thiel Fellowship program hasn't won over education leaders. "I think the single most misdirected bit of philanthropy in this decade is Peter Thiel's special program to drop out of college," said former Harvard President Larry Summers at the Nantucket Project conferenceduring his first public appearance since removing himself for consideration for federal chairman.

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