Michael M. Crow, president of Arizona State University, tells POLITICO that the school is reconsidering its widely mocked plans not to give President Barack Obama an honorary degree when he speaks at commencement on May 13 and will “honor him in every way possible.”

“There was no intended slight,” Crow said by telephone from his office in Tempe. “We had not yet talked about what honors we might give him as our commencement speaker, and we...