Word: memos
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...Rubin, known among reporters as an impeccably polished leader, taught Summers how to watch his mouth, treat people with sensitivity, and approach potential controversy with caution. Never again would Summers allow himself to be caught with his name next to anything like the “infamous World Bank memo,” a leaked internal document about the dumping of toxic waste that made him an army of enemies back...
...following year, however, he suffered a major blow at the hands of the Economist, which published the now-infamous internal memo from his desk at the World Bank...
...Lawrence Summers, chief economist of the World Bank, sent a memorandum to some colleagues on December 12th,” the short, straightforward write-up said. “The Economist has a copy. Some of the memo has caused a fuss within the Bank...
Summers apologized, telling his critics that the memo was supposed to be a “sardonic counterpoint, an effort to sharpen the analysis” and that he had not been advancing a serious policy option. The week after the story broke, the Economist came to Summers’ defense, editorializing in eerily familiar terms that if Summers “was merely trying to provoke debate,” “it is to be hoped that he succeeds—and that the Bank does not, instead, go silent on the subject...
...Anyone who talks to him knows that he’s very sharp and analytical and clever and pointed,” Murray says. “But I think it was really the memo that was the cause of his reputation as being prone to make gaffes...