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Cash Cow of Compassion
Posted By Malcolm A. Kline On August 24, 2010 @ 10:01 am In Faculty Lounge | No Comments
The last redoubt of concern for the common man is ridiculously awash in the cash that keeps eluding the object of its affections but then, maybe that’s where it comes from.
The Almanac of Higher Education shows us that colleges and universities took in about a trillion dollars this year and spent roughly that amount. Most of these institutions have multi-million dollar endowments, even some community colleges. Most parents do not.
Professors make about $100,000 a year with tenure while the untenured lecturers and associates range between $45-80,000 a year. Ironically, this is where most share-the- wealth schemes originate.
The creators of these plots don’t seem to realize that in the search for deep pockets they themselves are in a target-rich environment.
Malcolm A. Kline is the Executive Director of Accuracy in Academia .
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