1. Legacy: If your parents went to Harvard, you're much more likely to get in. This allows the meritocratic wheel to keep turning, in theory, but in practice allows Harvard to let in many rich/privileged individuals who will not cost them and who may bring in big $$ donations over time.
2. Harvard brags about its myriad sports programs...WHY? If it's the best school in the world, why are they giving away 100's of seats to people who manipulate spherical objects adeptly? Their ability to manipulate objects or move their bodies skillfully has VERY LITTLE to do with progressing our civilization. Shouldn't those seats go to the next generation of brilliant minds, not brilliant bodies?