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I have never heard this argument ("captains of industry take huge risks and therefore deserve handsome reimbursement"). What I have heard is that these people a
by xmprt 6y ago
I have never heard this argument ("captains of industry take huge risks and therefore deserve handsome reimbursement"). What I have heard is that these people are paid market rate for their management skills because they could easily get a similar salary in other endeavors.
- DreamScatter 6y agoThen let those administration be hired elsewhere by the market. A university should not pay such a huge salary to administrators, somebody who is paid a lot less can do the same job. If it takes millions of dollars to hire an administrator at a university, you probably don't need that person. You could just as well hire a person who is willing to accept a smaller salary for the same job. We are talking about administrators who get paid millions for hardly doing anything... let them be hired by industry where they get more salary and hire someone cheaper.