4 ms·
I'm always astounded by how little money it takes to bribe someone. An Ivy-League chair makes around $250,000, which probably underestimates his salary (STEM is
by dokein 7y ago
I'm always astounded by how little money it takes to bribe someone. An Ivy-League chair makes around $250,000, which probably underestimates his salary (STEM is generally higher than humanities), does not include income made from legitimate consulting opportunities, and does not include any residual income from his patents and former companies. Since he wasn't charged with tax fraud I assume he reported his income correctly, which would mean that his total compensation was at most 3-4X'ed by this deal (but probably closer to 2-3X'ed) over a ten year time period.
The difference between 500K/year and 1M/year in household income is a significant difference in lifestyle but not enormous. You may fly first class instead of business, but you aren't buying any private jets. Your children don't need to worry about college and, as a Chair, have access to strong social network, but you won't have your name on a building. You probably have the best house in your academic neighborhood, but you're not buying rare art to hang on the walls.
Meanwhile, the downside is throwing away 40 years of hard work, loss of your other income sources, and possibly prison.
- mzs 7y agoIt says this went on from '18-19 so let's guess it was 12 months, that's more than $750K and $1.5 million in grant money. When most payments in other cases have just 3-4 zeros, this is not a small one. This means it was really valuable to PRC.
- alpineidyll3 7y agoCalling this a bribe is adopting the language of the Trump administration. To Lieber this was just more research funding, which no scientist is in the business of rejecting. Faculty aren't paid as well as you think...