Lots has been written on Whither and elsewhere about our entitled President. This "overpaid CEO" mentality has seeped into academe over the last few decades as boards of regents/governors/whatever decide that private sector ways of operation are bound to give superior results. If the result being sought is a handful of poster children for the Peter Principle soaking up untoward resources, then yes, mission accomplished.
Anyway, it seems that the problem is pervasive, as seen in this story about U. California.
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