Word: barros
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Harvard administrators said they did not "top" Columbia's offer. Instead they attributed Barro's flip-flop to a change of heart...
...seems to be that you can't be the best university in the world or even compete with the best universities in the world if you're not willing to set aside resources to go after faculty like Robert Barro," said Jeffrey G. Williamson, chair of the economics department...
...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...