As a student of McLuhan the theme of the piece grabbed me. McLuhan's problem was not exactly the same, but the jealousy amongst colleagues was the same. The jealousy then is amplified with the so called inappropriate flirtings with the students. Little wonder the guy needs aspirin.
The boat business struck me as odd. The idea of poor pay for an academic didn't jibe with the expensive boat.
I think the main theme would have been enhanced with more interaction at the department celebration by other colleagues; and driven the guy to an even bigger headache.
Bravo- great piece even though I didn't get what happened.