The practice of granting tenure to academic administrators, especially presidents and academic deans, seems fairly prevalent. However, it is important to consider the possible advantages and disadvantages carefully before making such an offer. Boards interested in attracting talented administrators empowered to do what is in the best interest of the institutions they serve cannot wisely ignore the issue of job security. Board interests, however, extend far beyond employees' job security. Boards should be concerned about attracting and retaining talented administrators. They also have an interest in maintaining the integrity of the tenure system. Beyond this, they should have an interest in creating an environment conducive to the success of the administrators they hire as well as in defending and promoting the essential aspects of the institution's culture. The author concludes that tenure can be a strong inducement to help create the kind of collegiality between faculty and administrators that some institutions prize, as long as the board keeps these factors in mind when considering the issue.