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Re:Goodbye Academia by santaclaus on Monday March 03, 2014 @10:02PM (#7338176)
It's usually a big deal when a professor fails to make tenure at a respectable university. I can think of multiple case studies at MIT and Stanford. Departments look bad when they are forced to drop promising talent.
Re:Goodbye Academia by Fomite on Monday March 03, 2014 @11:53PM (#7338545)
It's becoming far more common.

More importantly, there are far more positions being created that aren't on tenure track in the first place.