Word: barro
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Dates: during 1990-1999
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...months ago, an economics professor named Robert J. Barro almost left Harvard for Columbia and $300,000 a year--supposedly the trendsetter for a generation of academics demanding sports-star salaries...
...instead of a pioneer or even really a problem for Harvard, Barro may have just been a distraction from a very real vulnerability: the power of academic perks...
...Barro's decision to stay at Harvard--which he attributed to the quality of his colleagues and students--had seemed a triumph for Harvard's egalitarian salary system. With above-average but relatively equal wages, the University said it could keep a stable of contented academics without entering bidding wars for "star" professors like Barro...
Instead, the most important factors are those perks that were mostly window dressing in the Barro controversy--control of research centers, increased research funding and a better support staff...
...Barro is the Mercenary Professor, then Deanof New York University (NYU) Law School JohnSexton is the man who shows them the money...