Larry Summers, the former United States Treasury Secretary and Harvard University economist, has announced his resignation from Harvard amid growing controversy over his connections to convicted sex offender Jeffrey Epstein.

The decision comes after leaked emails revealed Summers' communication with Epstein, raising concerns about their relationship. In a leaked video captured by Fox News, Summers was seen expressing shame over his past interactions with Epstein to Harvard students.

Summers' ties to Epstein have come under scrutiny, with calls for his resignation intensifying in recent days. The Harvard community has been divided over the issue, with some defending his legacy and others demanding his immediate departure.

The controversy has also impacted Summers' other affiliations, with OpenAI cutting ties with the economist in light of the scandal.

In a statement issued to CBS News, Summers expressed regret over his past associations with Epstein and emphasized his commitment to addressing the issue. However, the backlash has been too significant to ignore, leading to his decision to step down from his role at Harvard.

As the university grapples with the fallout of this scandal, the question remains: what impact will this have on the institution's future?