So much for academic peer review

It’s the notorious European-dominated publish-or-perish system of academic publishing, and journals that tout phony “impact factors” which in turn are required of research faculty by institutional administration.

At risk is the profit powerhouse of Elsevier’s parent company, UK-listed Relx, Europe’s biggest media company by market capitalisation, which reports its annual results on Thursday. The academic division’s £2.5bn revenues are just a third of company turnover and grew at about 2 per cent in 2018. But the chunky margins — roughly 37 per cent — mean it accounted for 40 per cent of Relx’s operating profit.

But its willingness to experiment has increased markedly since Kumsal Bayazit, an Istanbul-born former management consultant, took over as chief executive last year.

FT: Mutinous librarians help drive change at Elsevier
Alex Barker and Patricia Nilsson in London, February 11, 2020

Now who in the world is this “Kumsal Bayazit?” I can’t find a single academic paper published in her name. An MBA from Harvard Business School and a Bachelor’s degree in Economics with honors from the University of California at Berkeley. Born and raised in Turkey? There’s a new CEO at Elsevier, without even so much as a doctorate degree.

It’s a paper mill. The Age of Enlightenment and Academia is over, and Europe has officially reverted to the Dark Ages.

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