The academic world is rife with speculation that the time-honored tenure system may be reaching its end. Many scholars and educators regard this as a tragic result of hiring trends that put former CEOs and corporate execs at the helm of major universities. To outsiders, the tenure system — which guarantees lifelong employment — can seem charmingly antiquated at best. At worst, it interferes with an institution’s ability to maintain solvency, serve students and recruit young, ambitious scholars. Why not discard tenure altogether? The question goes right to the heart of your school’s beliefs about the purpose institutions of higher education serve.