Will de-funding unravel the academic integrity of universities?

Monica Bulger:

Last week, the New York Times reported that in 2007, Deutsche Bank entered into an agreement with two German universities, Humboldt University and the Technical University of Berlin, to fund a mathematical laboratory. The problematic parts were the ‘secret’ terms: according to the article, the Deutsche Bank could not only influence the hiring process, but bank employees could serve as adjunct professors. Perhaps the most disturbing aspects of the agreement were that the bank had veto power over the laboratory’s research agenda and, more importantly, “was given the right to review any research produced by members of the Quantitative Products Laboratory 60 days before it was published and could withhold permission for publication for as long as two years.”