"The real trouble with 02138 is that it doesn't understand what makes Harvard great. It embraces jewels and jet setters; it rejects the eccentric, the nerdy and the badly dressed. In 02138, the frumpy physics concentrator who doesn't know a Manolo Blahnik from a Birkenstock is tossed aside in favor of the Hermes-toting development admit from Greenwich. It celebrates those who parasite upon the Harvard name instead of those who contribute to it."
The magazine is targeted at Harvard alumni. Its editors sent out the first issue to 50,000 Harvard graduates for free in September 2006.
The new 02138 appears to be an equal opportunity offender. It previously published a similar list of Harvard graduates who got themselves into public trouble or professional embarrassment.
That list includes one-time "chick-lit" sensation Kaavya Viswanathan, who was accused of plagiarizing sections of her debut novel; former Boston Cardinal Bernard Law, who resigned from his post at the head of the Boston Archdiocese in 2002 amid the priest sex abuse scandal; and L. Paul Bremer, former head of the Coalition Provisional Authority at the start of the Iraq War. But one Harvard University official pointed out to ABC News that 2,000 high school valedictorians are rejected each year among the more than 22,000 who apply for approximately 1,700 spots in the incoming freshman class.
ABC News' Lauren Pearle and Laura Davis contributed to this story.