Economist David Blanchflower wrote an article for The Guardian inviting us to pity the poor underpaid university vice chancellors with their paltry sub-million-pound salaries. In discussing what an awful job it is, and why you
A vice-chancellor’s schedule is set for them. The job has a huge effect on family life. There are few places to hide and find privacy. You are always on show, even on the golf course.
Even on the golf course! Have these vice-chancellor-oglers no shame?
Oddly enough, the analysis by this economist, which included the striking phrase “If you pay peanuts, you get monkeys” — the monkey here being everyone who is not a vice chancellor — omitted any evidence that universities do indeed prosper from having non-monkeys doing the job. I mean, there are all kinds of jobs that are hard and important, but there’s a limit to how much you’re willing to pay to get just a tiny bit of extra talent (assuming that you can even reliable recognise those distinctions in the course of the hiring process). The suggestion is that you need to pay huge sums just to get one of the exceptional rare individuals who is even minimally qualified not to run the university into the ground. “In the end, there are few qualified and willing applicants.” I’d like to see some working-out on that problem.