Dean Jones says:
"You are an impudent young pup. I am not going to negotiate over extra revenues with you. However, I recognize that developing and conducting executive education seminars takes additional effort beyond your normal duties. Therefore, I am willing to raise your normal compensation to the 39th percentile.
You have my proposal. Take it or leave it."
You say:
"I guess I'm a bit over-a-barrel in this situation. I suppose 25% is better than 0%. I'll take it, especially since you've raised my salary."
Dean Jones says:
"You are wise to accept the offer!
Therefore, this is the contract package we have agreed upon:
**TWO guaranteed trip to a conference each year for two years; in return, you will recruit at each conference you attend (if there is a need).
**$1,000 for software to analyze data
**$10,000 for hardware (i.e., special computer processor and other equipment)
**One graduate research assistant for one year
**A nine-month salary at the 39th percentile
**Required to teach one summer executive education session; revenues will be split 75% to the university and 25% to you.
**Three-days-a-week teaching schedule for Fall and two-days-a-week teaching schedule for the following Spring.
Welcome to our university!"
Critique: How do you feel you did? Why do you feel that way? Perhaps you will want to play again to see if you can do even better.