Well, if he didn't, then why would he complain about cutbacks?
I'm not trying to pick on him or anything, it's just that he's quoted. But if your salary is increased from $150,000 to $200,000 and then you're asked to cut it down to $150,000, well, if you didn't approve of it in the first place the chances are that you'd be ok with going back.
We often don't get to make those choices as individuals, but usually no one complains about their salary increasing. It's also totally possible that he's protesting on other people's behalf as I doubt he's hurting as a successful book author and probably one of their more well paid professors.
But generally speaking, when a company is having fat years, people generally want a piece of it. I don't mean any disrespect to Professor Dershowitz. It's just that most people act like he acts - it's human nature. It's annoying when fat years are here and we don't get a cut. It's annoying when lean years come and people want us to make concessions. I feel that way too. It's completely devoid of reality, but it's an interesting part of our psychology.
I'd have to re-read to be sure but I don't think Prof Dershowitz was commenting on salaries at all. The salary of the professors shouldn't be linked to the Uni's investments. The Prof to me was saying that if they'd been less inclined to blow all the money in the rich years then they'd have the reserves needed to tide themselves over the lean years without having to dick about with peoples salaries, etc..
Also, them overspending 100Million on a building has got to bite a bit when they then announce they're going to cut back on your breakfast. $100Mil buys a lot of breakfast.
I'm not trying to pick on him or anything, it's just that he's quoted. But if your salary is increased from $150,000 to $200,000 and then you're asked to cut it down to $150,000, well, if you didn't approve of it in the first place the chances are that you'd be ok with going back.
We often don't get to make those choices as individuals, but usually no one complains about their salary increasing. It's also totally possible that he's protesting on other people's behalf as I doubt he's hurting as a successful book author and probably one of their more well paid professors.
But generally speaking, when a company is having fat years, people generally want a piece of it. I don't mean any disrespect to Professor Dershowitz. It's just that most people act like he acts - it's human nature. It's annoying when fat years are here and we don't get a cut. It's annoying when lean years come and people want us to make concessions. I feel that way too. It's completely devoid of reality, but it's an interesting part of our psychology.