Pull quote: “Bad hires are also extremely expensive. I can think of one bad hire (not mine…) at another institution where after the person was paid off to leave, ten years in, the total cost of ownership was easily over a million dollars, salary, benefits, and etceteras included, for someone who was high maintenance and minimal output for the entire period of their employment. That’s not a big salary, by the way, if you factor about 30% for bennies.” - Stephen le Francoeur