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So are any of these VCs taking pay cuts themselves? Some are on exorbitant salaries.
The Uni executive suite for over trying to run a school like a for profit business as opposed to a non profit like it should be.
The purpose of universities is to educate not to make money. The money is a secondary reward for doing the primary thing. If the money supercedes the education then the core is rotten.
Universities selling unearned degrees for money are cannibalising their reputation in the process and as a result are damaging the reputation of the industry as a whole. This needs to stop.
Universities seem to have lost their way , trying to be a business instead of being a University
But maybe thats the future?
The university sector is in crisis
When wasn't it in crisis?
Probably before they got greedy and decided pursuing overseas students for the higher fees while lowering standards was a long term sustainable business choice.