The American Association of University Professors’ 1940 Statement of Principles on Academic Freedom and Tenure, defined the essential features of the academic profession in the early twentieth century: academic freedom, shared governance, and job security. Now, seventy years later, the number of faculty members in the United States has grown from approximately 147,000 in 1940 to approximately 1,140,000 today, and colleges and universities now number 4,168—more than double the 1,708 in the 1940s (Gappa, Austin, and Trice, 2007, p.60.) While important traditions of the academic profession have been retained, faculty members themselves, their work, and their institutions have changed dramatically. Today’s faculty members are diverse; they occupy different types of appointments; and their expectations about their work environments include new concerns, such as sufficient flexibility to manage both their work and life responsibilities. Their colleges and universities also face difficult challenges. They must create environments that attract highly diverse students, find new sources of revenue as traditional sources decline, maintain and enhance their technological infrastructures within budgetary constraints, and respond to numerous demands for accountability imposed by the public.