Thorstein Veblen,
The Higher Learning In America…
(1918)
“ By tradition, and in the genial legendary lore that colours the proceedings of the faculty-meeting, he is still the senior member of an assemblage of scholarly gentlemen; but in point of executive fact he is their employer, who does business with and by them on a commercial footing. To the faculty, the presidential office is a business proposition, and its incumbent is chiefly an object of circumspection, to whom they owe a "hired-man's loyalty." ”
