IMHO there should be a Royal Commission to Education spending in Australia, taxpayers are entitled to know where there money goes & 'the bang for our buck' - fat chance of getting the States to agree
SO
maybe these academics might help shine some light on Universitys more generally.
'A new association representing senior academics has called for a Senate inquiry into universities and questioned whether highly paid vice-chancellors have the financial acumen required to run their business-oriented institutions in a time of crisis.
Universities Australia has warned that universities could lose nearly $5bn in revenue this year because of travel bans ....'
“Years of reforms to the Australian higher education sector have shifted focus from equipping our young adults with a profession, pursuing knowledge and advancing society to tertiary education as a product to be traded on the open market.
“Rather than leading academia, university leaders have increasingly had to become CEOs, in many cases without the necessary guidance to be wisely entrepreneurial or to make informed investment decisions.”
AAUP member and Macquarie Business School head of applied finance Tom Smith said the evolution of universities into big businesses, enrolling large numbers of revenue-generating international students, had led to the vice-chancellors misunderstanding their highly paid roles — which attract salaries of nearly $1m or more in most universities.
Business chief executives “are paid what they’re being paid because of the strategic options they can generate, particularly in a situation like this”
www.theaustralian.com.au
There are many vested interests in the education sector so I dont think a Senate inquiry is good enough, nor do I agree it should be limited to Universities.
SO
maybe these academics might help shine some light on Universitys more generally.
'A new association representing senior academics has called for a Senate inquiry into universities and questioned whether highly paid vice-chancellors have the financial acumen required to run their business-oriented institutions in a time of crisis.
Universities Australia has warned that universities could lose nearly $5bn in revenue this year because of travel bans ....'
“Years of reforms to the Australian higher education sector have shifted focus from equipping our young adults with a profession, pursuing knowledge and advancing society to tertiary education as a product to be traded on the open market.
“Rather than leading academia, university leaders have increasingly had to become CEOs, in many cases without the necessary guidance to be wisely entrepreneurial or to make informed investment decisions.”
AAUP member and Macquarie Business School head of applied finance Tom Smith said the evolution of universities into big businesses, enrolling large numbers of revenue-generating international students, had led to the vice-chancellors misunderstanding their highly paid roles — which attract salaries of nearly $1m or more in most universities.
Business chief executives “are paid what they’re being paid because of the strategic options they can generate, particularly in a situation like this”
NoCookies | The Australian
There are many vested interests in the education sector so I dont think a Senate inquiry is good enough, nor do I agree it should be limited to Universities.
