Yesterday, I mentioned an event study approach, looking at the executives who get higher pay while their companies perform more poorly. Today, I would like to take note of another perversity. Now that universities are becoming more like other corporations, university presidents are commanding corporate-like salaries. I challenge anyone to find any marginal productivity in their performance. At best, they are marginally productive. -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 916-898-5321 E-Mail [EMAIL PROTECTED]
