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A business need not be corporate-profitable to pay its management lavishly. The university may not have shareholders or a dividend but that just means all the m
by zanny 10y ago
A business need not be corporate-profitable to pay its management lavishly. The university may not have shareholders or a dividend but that just means all the money it makes has to go somewhere, and that is often inflated salaries for the highest echelons of the school.
- M_Grey 10y agoDon't forget power and influence. Besides, there is also multi-billion dollar world of for-profit education.
- dexterdog 10y agoWhat about the fact that most of the best-known schools have basically become massive hedge funds with nices educational institutions attached to them to keep the non-profit scam in play?