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Joined 2 years ago
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Cake day: June 12th, 2023

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  • I do know about the latter. Knew some folks that taught there.

    Few courses are taught by tenured faculty at the Ivies. Junior faculty have to justify final grades, PhD students and sessional have to justify any grades lower than B- on any assignment.

    Coupling that with the ‘legacy admissions’ where children of alumni have a lower bar to admission, anyone with a B- average has a questionable degree.

    No matter how good their programs are, for the lowers tier of students, they’re just institutions of transmitted privilege. Which is why the complaints about DEI mechanisms to balance that are so suspect.

    I wasn’t aware whether UPenn was on the same system but it’s a huge thing for private universities reliant on tuition fees and big alumni donations.

    It’s interesting how California is shutting down the practice of legacy admissions, and Stanford and USC are feeling the sting.








  • “Works-for-hire” is exactly the key point here.

    This is about who holds the IP. Sometimes, depending on the employer and contract, an engineer will get to share in a patent created in the course of the job. Or might have incentives such as Employee Stock Ownership Plans (ESOPs) or options.

    So it’s not true that the IT folks are exclusively paid salary. Many share in the risk as well as the returns of their firms.

    Let’s unpack that.

    Yes, there are ‘writers for hire’ in licenced tie-in fiction and comics. These authors get a flat advance BUT they still get royalties based on the number of books or comics sold. That is - base payment and then returns based on success if the product.

    Film and television writers are compensated by residuals in addition to salary. The studio owns the IP but the creators have a stake. It’s a risk and return sharing relationship with the studio. That’s the standard arrangement.

    How is this different from an ESOP or options as an incentive remuneration?

    How would an IT employee feel if a firm licenced the IP and then excluded its value from the calculation of ESOPs and options due, or the dividends on the nonvoting shares issued to employees?