Wisconsin, Kentucky, Arkansas, and Tennessee have all made policy moves in recent years that have sought to to weaken tenure, or that faculty members have interpreted as threats to it. Leaders of some private colleges who want to adapt more quickly to marketplace demands have invoked dire institutional finances as a reason to propose — if not always follow through on — cutting tenured faculty. For both political reasons and because of institutional policy choices, tenure arguably faces more peril now than it has in nearly 70 years.