Endowments are independently run and the last thing the money men would do is give the admins or academics a say, or they’d fritter it all in short order, like

Endowments are independently run and the last thing the money men would do is give the admins or academics a say, or they’d fritter it all in short order, like how Larry Summers lost Harvard a cool billion dollars through ill-judged investment strategies for its operating funds.