Some institutions have eliminated tenure (especially in biochem), but run into the problem that you have to pay a lot more to get good scientists in that case, because scientists don't place zero value on tenure.
You may not even be able to get them at all, because there's a widespread perception that non-tenure-granting universities don't offer much academic freedom (especially in biochem, where they have strong ties with pharmaceutical companies). I could be wrong, but I don't believe these institutions have so far been successful in attracting top talent.
One hypothesis is that corporate research labs already occupy this ground well enough, so non-tenure-granting universities don't have much competitive advantage when looking for talent. If you don't care about tenure, want a higher salary, and are willing to accept the fact that management can review and direct your work, why work at a university at all? Why not Google Research or the R&D division of a pharmaceutical firm?
You may not even be able to get them at all, because there's a widespread perception that non-tenure-granting universities don't offer much academic freedom (especially in biochem, where they have strong ties with pharmaceutical companies). I could be wrong, but I don't believe these institutions have so far been successful in attracting top talent.
One hypothesis is that corporate research labs already occupy this ground well enough, so non-tenure-granting universities don't have much competitive advantage when looking for talent. If you don't care about tenure, want a higher salary, and are willing to accept the fact that management can review and direct your work, why work at a university at all? Why not Google Research or the R&D division of a pharmaceutical firm?