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August 05, 2010

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Jeff Lipshaw

There was an article in the WSJ just a bit ago about CEO tenure. The average Fortune 500 is 6.6 years, although the point of the article was that long-serving CEOs seemed to correlate to the best share price performance (I think).

See: http://online.wsj.com/article/SB10001424052748703900004575325172681419254.html?mod=rss_whats_news_us_business

Dan's point, though, is equivalently sized businesses. I can't find a law school operating budget quickly but my intuition is that entire major universities would have operating revenues on the scale of Fortune 500 companies (e.g., the University of Michigan had FY 2009 operating revenues of $4.3 billion which would put it around 475 on the list if it were a corporation). My guess is that law schools, depending on size, operating annually in the low double digit millions, which would be the equivalent of small family owned businesses, and that data is hard to come by.

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