> ability to "shape" the incoming class
Also known today as racial discrimination where Asians are heavily downweighted, similar to how Jews were downweighted 40-50 years ago. Then again when Columbia rejected Richard Feynman because he was a Jew, it put a permanent stain on their reputation, and Feynman did all right anyway. I'm pretty sure smart kids will do all right, Ivy League or no Ivy League.