Incentives are a lot more complicated than simply being non-profit = altruistic mission optimizing. The president makes a million bucks a year. Faculty pursue status, power, and resources for research or personal interest. Alumni often wish to keep their institution exclusive and elite to increase the value of their degree and average member of their community, and provide resources to their institutions (Donations) as a means of control over “mission”.
Of course, that’s all on the pretty cynical side and the majority of people I think are overall aligned with the mission of providing the best possible education and research environments. But, the above is where Scott is coming from, and certainly holds some water. Particularly in his area of academia ahem business schools ahem.
Of course, that’s all on the pretty cynical side and the majority of people I think are overall aligned with the mission of providing the best possible education and research environments. But, the above is where Scott is coming from, and certainly holds some water. Particularly in his area of academia ahem business schools ahem.