"Hennessy... remarks that companies are great things, but they are missing most of what makes a university so appealing to its employees: the freshness and excitement of the students and the freedom to conduct one's own research."

That's why google (which cultivated a collegial environment) was able to attract so much talent. But maybe that's about to change: http://news.ycombinator.com/item?id=867491

title has nothing to do with video.

I think it is a question from the crowd that John Hennessy is trying answer.

Given that Hennessy is the President of Stanford and that he founded a successful company (MIPS Inc, when went public and was then sold to SGI), Hennessy is surely pretty wealthy.

Thanks for the background knowledge. Cheers. :-)