<p>I'd love to hear your opinions. </p>
<p>First off, I’ve seen your posts on this forum, and it’s pretty clear that you just want to cause controversy. Your posts speak for themselves: <a href=“misanthrope1 collegeconfidential site:talk.collegeconfidential.com - Google Search”>misanthrope1 collegeconfidential site:talk.collegeconfidential.com - Google Search;
<p>The Jacobin is a far left-wing magazine with a self-reported circulation 7,500. I do not expect any balanced journalism to come out of there. If I had to guess, I would say that this article was written by the left-wing coalition at UChicago that has been protesting the lack of a trauma center. Which, I should note, consists of like 15 people altogether. </p>
<ul>
<li><p>The corporatization of America is not unique to UChicago.</p></li>
<li><p>President Zimmer’s pay was due to his stellar performance in helping revive the College and all its associated initiatives. You can call it excessive, but most of us associated with the University are very happy with his work.</p></li>
<li><p>Harvard’s president earns less because of the prestige of the position.</p></li>
<li><p>The high debt levels are a cause for concern. That’s the only point I agree on. But this article was written (I believe) before Chicago’s $6.5 billion capital campaign. </p></li>
<li><p>Fabrice Tourre was assigned to teach grad students only, not undergrads. The article makes it seem like he was forced to not teach altogether. </p></li>
</ul>
<p>I stopped reading there because I realize that the article lumps together all the recent mishaps of the University and tries to imply some ulterior motive. </p>
<p>Seriously, go find something better to do besides promoting Duke at every turn and putting other schools down. I would say that you have a mighty fine inferiority complex. </p>
<p>TheBanker - Agree with everything except the capital campaign is $4.5 B. I’ve made the case on this string before that I believe Pres. Zimmer’s job is uniquely hard, combining the different constituencies of UChicago (i.e. Chicago politics, the socioeconomics of the South Side, running two National Labs on top of multiple graduate schools, etc.) while dealing with pressures to maintain or somehow improve top ranked undergraduate and graduate programs. Also, I believe Pres. Zimmer’s recent compensation includes deferred payments to non-qualified retirement programs; it’s not just salary. </p>
<p>@TheBanker Clearly you don’t take criticism well. That’s ok. </p>
<p>Just fyi, Chicago is not raising $6.5 billion. You can’t just add $2 billion to the goal amount because it makes you feel better. This isn’t like predicting yield rates.</p>
<p><a href=“Bloomberg - Are you a robot?”>Bloomberg - Are you a robot?;
<p>As I’ve written in another thread, debt is not fundamentally bad. </p>
<p>UChicago can fund its rise on cheap money (since the Fed is committed to a low interest rate) now, and pay back the balance once its investments reap their rewards. Add that to the new capital campaign, and this hardly looks like a bad plan; rather, it appears to be an opportunistic (in the best sense of the word) move to use the economic downturn to Chicago’s advantage.</p>
<p>Unfortunately, very few people understand the concept of debt, and how it can be very beneficial to take out debt, especially when borrowing rates are low. I mean, there’s a reason that Apple is taking out over $100 billion in debt to buy back its own stock.</p>
<p>Also, lol @ anyone who would actually take a magazine called “The Jacobin” seriously.</p>