If one considers a university as a hedge fund with an education and research division, then it is rather sensible to have policies designed to increase the like

If one considers a university as a hedge fund with an education and research division, then it is rather sensible to have policies designed to increase the likelihood of wealthy individuals providing incoming capital. I was in graduate school when I first learned that writing good grant proposals (and other skills related to acquiring large quantities of money) was arguably more valuable than doing good science.