Chapter 1519 Crazy Pleasures In The Dark:>Ep57

• Most faculty avoid risk, tenure is the ultimate safe haven in our economy. But I am a diversified risk-manager, I invested the fortune I made in arbitrage, now I took risks seeking fame and power. My reputation boosted my market value and allowed me to ask for top dollar (a status measure) plus some heavy and significant intangibles.
• The venerable Dean used the term "Secret Double Probation" for the school's status when he talked to Nancy a year ago, he had used every favor he had to keep them from pulling accreditation, his plan was approved and the University was all in on this plan as a last shot.
• Losing business accreditation carried a massive, potentially mortal cost to the university, his firing would be the first of many. Business departments would be moved to other schools, like Marketing to Communication and Economics to Liberal Studies. Faculty would take significant pay cuts. The best faculty members would leave to other universities, for them and their families it was a great inconvenience. Bad faculty with tenure would stay and rot even more. A more serious immediate problem was about 30 families who would lose their jobs (PAs, janitors, etc.) but were not faculty and could not move. People like Nancy. Then, without a business college, total student enrollment would decrease for the entire university each year while inflation drove costs up. The campus would death spiral down to ruin, becoming historical footnotes in 5 to 15 years due to the merciless economies of scale.