This is exactly the point. University presidents are not hired primarily to manage an institutions education, but to fundraise. I recall a specific example in w

This is exactly the point. University presidents are not hired primarily to manage an institutions education, but to fundraise. I recall a specific example in which the regents of the University of Virginia attempted to remove their president for not meeting a $3B fundraising goal. A chief fundraiser asked to bring in that much money should be compensated like those in industry dealing with similar amounts. Otherwise how will systems attract the best for the position.