The NY Sun runs an AP story on Larry Summers' severance....
"It is comparable for the marketplace," said Claire Van Ummersen, 70, vice president of the American Council on Education's Center for Effective Leadership in Washington. "It is also a reflection on how competitive the presidential marketplace is at the current time."
Am I missing something, or is that quote completely nonsensical? There's a marketplace in golden parachutes? How can a severance package possibly reflect how "competitive the presidential marketplace" is?
There's a point that a poster mentioned a few days ago that I haven't seen raised in a single story about Summers' severance: His five-year contract was up. Harvard didn't have to pay him a thing. Why did it? To buy his silence....
Again, perhaps I'm missing something, but what is the point of even having a five-year contract if its expiration is meaningless?
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