Wed July 20, 2011
Larry Summers Has Some Choice Words For Winklevoss Twins
Back when Facebook founder and CEO Mark Zuckerberg and Cameron and Tyler Winklevoss were at Harvard, the twins took their accusations that Zuckerberg had stolen their idea for Facebook to the then president of the school Larry Summers.
The twins have been involved in a years-long legal battle with Facebook and have refused to walkaway with a $65 million settlement.
The encounter is dramatized in the movie The Social Network and in it Summers reacts without much concern and tells the twins to come up with another idea. At Fortune's Brainstorm Tech conference, Summers, who also served as Treasury secretary under Bill Clinton and as Obama's top economic advisor, was asked about the scene.
"Rarely have I encountered such swagger and I tried to respond in kind," he said. He also referred the twins using a seven-letter word for an anatomical structure that doesn't see the sun:
"One of the things you learn as a college president is that if an undergraduate is wearing a tie and jacket on Thursday afternoon at three o'clock, there are two possibilities. One is that they're looking for a job and have an interview; the other is that they are an [expletive]. This was the latter case."
Here's a video of his comments. (Careful, the language is not bleeped.)