Tuesday, December 27, 2011

When even tenure isn't enough to get you by


Image: renjith krishnan / FreeDigitalPhotos.net

This recently tenured professor's complaints about cash shortages reminded me of my days --- now nearly 20 years ago --- with a major Philadelphia law firm. I recall a new young partner complaining to me, "It felt good for a day or two. Then I realized I was responsible for my own health insurance cost as a partner; I had to take a loan to buy my equity interest; and I still have to bill 2000 next year." Ah, well, I'll bet he's being billed out at $500 an hour now and has the pension fund I can only wish for.

As for the tenured-but-struggling prof, I still say he has the last good job in America:


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