Commercialization and corporatization (C&C) in American higher education since the 1980s have gradually marginalized shared governance in various areas. This chapter is a case study of an American public university, based on empirical studies through in-depth surveys, observations, and base data collection. It addresses the issue of academic commercialization and corporatization and their impact on shared governance, faculty morale, and faculty strain in their research, teaching, and service. After defining the key concepts, explaining the methodology and discussing the data, this chapter examines the roles of commercialization and corporatization in decreasing shared governance and lowering faculty morale in academic research, teaching, and service. The chapter concludes that, with the erosion of academic freedom and faculty power, academic commercialization and corporatization have created dissatisfaction among faculty members who lack pride in their profession and distrust administrators.