The Overpaid President Becomes an Overpaid Professor

The happy news this week that University of Illinois President Michael Hogan will resign was followed by two disturbing pieces of information. First, a state appeals court ruling that adjunct faculty at the University of Illinois at Chicago will not be allowed to be part of the tenure-track faculty union at UIC. Second, the news…

Exploiting Intellectual Capital

Here’s an actual job posting at the University of Chicago, Executive Director, Intellectual Capital: Chicago Booth seeks to better exploit the wealth of intellectual capital created by its faculty. The Executive Director, Intellectual Capital serves as the Chief Knowledge Officer, and is charged with creating a vision for sharing and disseminating that intellectual capital and…

Limbaugh’s Class Warfare Vs. College Presidents

Rush Limbaugh normally hates class warfare. So it was a bit unusual today when he came out and denounced millionaires. Of course, Limbaugh only hates one particular kind of millionaire: college presidents. Limbaugh declared, the bottom line here is 36 college presidents make a million dollars a year or more. Where is Occupy Wall Street?…

Leef Defends Pope

George Leef of Art Pope’s Center for Higher Education Policy denounces Jane Mayer’s recent profile of Pope in the New Yorker as a “scurrilous attack.” But Leef’s response reveals how accurate many of the critiques were. Leef argues, “it’s no more possible to ‘buy the curriculum’ than it is to corner the silver market.” His…

The Sport of Money

Today’s Chicago Tribune has a lengthy front-page article about how the University of Illinois’ general fund subsidizes the athletic program with $920,000 in free tuition waivers for student athletes. The University plans to reduce this number to $500,000 by 2016, but that’s clearly not enough. All universities should, at a minimum, adopt a very simple…