Betcha didn’t know this, but Berkeley’s scavenged together a $1.1 billion war chest in an attempt to fend off the greedy paws of Harvard and Yale Universities. What ever for? Well, let’s just say that someone’s gon’ get bitchslapped if they make a grab for Cal’s professors again.

With the state’s deficit crisis on one hand and the filthy rich coffers of private universities on the other, Berkeley’s not in a very good position to compete for top-notch faculty or even keep the ones they’ve got now. We’re still the, quote, “jewel in the crown of public higher education.” But since 2003, we’ve lost at least 30 faculty members to eight main competitors. Leading them? Harvard. No one is surprised.

The extra money will go towards endowing chairs for 100 positions. Most of us can only dream of jobs where “$130,000 a year” means “30% underpaid”, but fingers crossed - these are our professors, after all.

Bloomberg.com: Berkeley Raises $1.1 Billion to Keep Professors From Ivy League [Bloomberg]

Posted in: News
Tags:ivies, professors, ridiculous sums of money
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