"Prussia isn't a state with a milltary. It's milltary that has a state" - old German saying
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Similar joke about Apple being an accountancy firm with a technology subsidiary.
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"A 2014 American Economic Review study looked closely at the incentives behind this behavior and found that there has been a trend toward an overemphasis on the health of an endowment rather than the institution as a whole." Investopedia
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That's not the only one - there are many very large hedge funds disguised as universities
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I think you meant *hedge fund*
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To be fair this is true of Public universities as well check out Cal Berkeley’s endowment or U of T The problem is the polis’ indifference to citizenship as central to the educated mind.
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Precisely
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More of a private capital fund with a uni...
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If they are getting salary but not increases, that does not seem so bad, even if there is a big endowment. Saying people deserve raises if everyone is still employed at their pre Coronavirus salary in today’s moment sounds crazy.
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