If you haven't noticed before, especially from some of my finance tweets, I tend to lean to the right on Economics and Finance matters. Maybe it's the years of working Mergers & Acquisitions. Maybe it's the Econ degree. Maybe I'm just that damn greedy. Or a combination of the three. And Gimpyblog and I got into a discussion on salaries on twitter earlier (around midnight for me). I've Storify-ed the exchange here.

Which leads me to my question - why is compensation in academia so crappy? George Smoot made $149,000 last year, and Elizabeth Blackburn made just over $250,000. Dr. Blackburn would barely qualify as a HENRY - High Earner, Not Rich Yet. I certainly have my ideas as to why, as noted in the link on Storify. And salary certainly doesn't encompass all compensation, but salary can be a good marker of what total compensation is. But, if I was making more in the Finance field, doing incredibly less important work, why could I get away with . . . More

There was a rush in a job well done. Not just any job well done. The rush we got was like rocketing down I-5 at well over 100 miles an hour between Livermore and Bakersfield. Just open road and octane. A friend used to say my job "wasn't nice." His dad's company had been targeted by a competitor. And they'd come to us to help them proceed with a leveraged buyout. After all the research done, we passed. They were in too strong a position. The client paid us our fee and we were on our way. A younger, newer, hungrier outfit tried after us. They were eaten alive in a fierce fight. I don't think those other guys ever found new jobs in our sector. It was that brutal. See, what we did was "Private Equity." A pleasant, sterile name for a very ruthless sector. If our company was sniffing around your doors, chances are someone else wanted to buy you. And when they bought you, we got first pick of all the good stuff. Your corporate retirement and pensions? Gone. Employee Stock Ownership Plan? Not anymore. Jobs? Probably liquidated. All of that stuff was ransacked to pay our salaries and bonuses. You remember in 2008 when Goldman Sachs was still paying bonuses? Yeah, that's how they were doing it. Not from bailout money.

I cleaned out my desk for the last ti . . . More