We frequently hear about salaries and just salaries but this often leaves out secondary income that is tied to the academic position. Companies are always buying academic prestige by hiring professors and the line between the professor’s official work and the secondary work is blurred. In the most famous example, Shirley Ann Jackson at Rensselaer moonlights for a number of corporate boards and brings in an additional $1.3 million. Whoo hoo!
I mention this because Roni Caryn Rabin at the NY Times reports on a Massachusetts database that tracks all of the drug payments to doctors. It’s no surprise that many of these are academics who are paid to help with researching and marketing drugs. One fellow in the lead, Dr. Alfred J. Tria at St. Peter’s University Hospital, pulls in an extra $940k for pocket change. Another fellow at Tufts brings in $340k. Whoo hoo!
We’ll never really know. Just as the average debt always seems to be lower than the kids we meet, the average salary also seems to be lower for the professors too. Sheesh.