Universities report $1.4-billion in earnings on inventions in 2011 — from The Chronicle by Goldie Blumenstyk

Excerpt (emphasis DSC):

Universities and their inventors earned more than $1.4-billion from commercializing their academic research in the 2011 fiscal year, collecting royalties from new breeds of wheat, from a new drug for the treatment of HIV, and from longstanding arrangements over enduring products like Gatorade.

Northwestern University earned the most of any institution reporting, with more than $191-million in licensing income.

From DSC:
That sounds about right…my alma mater (NU) going for the cash — rewarding research(ers), while not putting enough resources and consideration towards whether these researchers can actually teach.  I wonder how much these researchers are being paid per year…?  Probably some serious paychecks are involved here.  How do those high salaries impact the cost of tuition?  BTW, NU  currently charges ~$65,000 a year.  Are students’ interests really being served here?  But who really cares, right?  As long as the NU brand buys them access to high-paying careers…