You may already know that Harvard smartened up and followed Larry Summer's controversial tenure with a female selection for President of the storied institution. Faust (ironic name aside) may be a good choice. Of course, leading such academic institutions is a lot like herding cats with giant egos. Thus, the jury is out.
The selection of the first female president at Harvard is merely interesting only in that there hasn't been one. Women have been leading institutions of higher education for a great long while. That it can be done is not the question. As to why it took so long for an institution that suggests it's on the cutting edge of scientific and social knowledge generation to come around may be a better question. After all, Harvard was founded in 1634. That's a long wait.
Even so, if you can't successfully lead an institution with the largest endowment on the planet, with a stable of overly pedigreed faculty, what does that say about a person? Larry Summers really screwed the pooch, but without him, there may not have been room at the top for Faust. I think she is going to do a fine job.
A more reasonable question might be to ask her, not if she will be up to the task, but why it is that a Harvard education is only offered to a small slice of the privileged few? With many billions in the foundation coffers, they could afford to broaden the delivery to reach a bigger audience. Might we not all benefit from better access to a Harvard degree?