Industry: Profit-Minded Professor

So many professors are going into business that students frequently confront their teachers when they go asking for a job. With U.S. business hungering for specialized talent, such top scholars as New York University Economist Marcus Nadler earn up to $300 a day as consultants to management. University of Pittsburgh Chancellor Edward H. Litchfield is also chairman of Smith-Corona Marchant and a director of Studebaker and Avco Corp. The hub of this extracurricular activity is Boston, where some 1,000 space-age companies have grown up since World War II, most of them started there to exploit readily available brain power...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!