Harvard Money Manager Resigns

The man who has been managing the nation's biggest college endowment is going back to the business world.

Harvard University yesterday announced the resignation of Mohamed El-Erian, president and chief executive of the Harvard Management Company. He will leave Cambridge at the end of this year to return to work at his former firm, Pacific Investment Management Company, in California.

For a look at the ramifications of this resignation, WBUR's Delores Handy turns to Paul Fain, a reporter for the Chronicle of Higher Education.