Affirmative action for smart rich women

Malkin reports:

Harvard University President Lawrence Summers, under fire for comments on women in the sciences, said the school would spend $50 million over 10 years to promote diversity on its faculty and reform the way women in science and engineering are treated.

I guess that Harvard has decided that female scientists cannot cut it on their own, and need a big affirmative action program. This is going to hurt the credibility of academic women.