I must admit that I am always a bit prejudicial when I hear an business person (or a business magazine like this) talking about universities. They seem to view Universities as a business proposal: "How much do we invest? How much do we get out of it?", which it shouldn't be. Take this quote: "If colleges were businesses, they would be ripe for hostile takeovers, complete with serious cost-cutting and painful reorgani…
I upvoted you, but on the flip side, we currently have a large number of students who are coming out of college with low real-world value degrees and huge amounts of debt. It's probably unsustainable to have 175,000 psych and history majors[1] graduating every year with 10-20,000 dollars in debt[2]. (Not to speak of all the business/marketing majors) I'm not saying that colleges should turn into work-training program…
P.S. When the author states that universities are weak and "ripe for takeover" he then uses STEM funding being too spread out as an argument. This is stupid because if we did consolidate STEM funding like he suggests, it would probably go to mostly the 50-100 best universities in the country. This would only solidify those schools' power and work against his entire argument.