One of the strategic goals for The Ohio State University is to become the model for an affordable public university recognized for financial sustainability, unsurpassed management of human and physical resources, and operational efficiency and effectiveness. So they did. They brought in a founding partner to be the new CEO. So dire was the financial condition of the company – but so much faith did the new CEO have in its potential – that he agreed to return to work for an annual salary of one dollar, plus stock options.
that there are many ways increase utility. Money is not the only thing that makes people happy. People are REMMs and care about all things. More money is good, but so too are more free time, a better standard of living, and a clean conscience. How you draw your indifference curves is a personal decision.
Thanks for the reply. I am passionate about what I do, but I think what I like about my field is probably general to most disciplines in science: tying to discern processes from patterns. At the end of they day if I get to spend my day thinking intensely and creatively I will be happy.