The Academic-Industrial Complex

[groovedaddy]

WHAT does Shirley Ann Jackson know about shipping parcels? For that matter, what does Steven B. Sample understand about mutual funds?

Dr. Jackson, who is a theoretical physicist and the president of Rensselaer Polytechnic Institute in Troy, N.Y., has served as an outside director on the board of FedEx since 1999.

Dr. Sample, an electrical engineer and the retiring president of the University of Southern California, sits on the boards of directors of the American Mutual and Amcap mutual funds. He is also a director of another company, and stepped down two years ago from the board of the Wm. Wrigley Jr. Company, the candy maker.

Dr. Jackson and Dr. Sample are part of a cozy and lucrative club: presidents and other senior university officials who cross from academia into the business world to serve on corporate boards.

http://www.nytimes.com/2010/08/01/business/01prez.html?th&emc=th

[Ozymanithrax]

1. That is how they make the big bucks... n/t

[damntexdem]

2. It's not an academic-industrial complex, it's an academic management-industrial complex.

The type of academic management that is so undermining academia.