Several Senators said that the idea was to deflate administrative titles. The metaphor is the corporation, one of the most uncollegial and undemocratic institutions ever devised, and wholly unsuited for the universitas magistrorum, as the University of Paris was styled in 1207. The term translates literally as the grouping of teachers. Unlike the corporation, the structure of this body is not hierarchical. The professors are the enduring center, but their mission is service to the truth and to the students.
Wealth flows to the top in corporations, and financial withering characterizes the bottom.
This is good and fair for this private institution, and for someone of my rank, tenure, and record. I am past president of the largest society in my field, and the author of some 150 articles and 10 books. I have no complaints. More to the moral point, it would take some of our hard-working lecturers,who teach more than a hundred students a year, almost 20 years to make that much money. Administering is not more important than teaching.