[verylongname]

I'm sure there is a lot of waste in the UC Office of the President. But Universities have become huge, complicated behemoths with many functions besides education.

I recently saw a breakdown of where the money for one of the UC campuses comes from. About 50% was from the associated Medical center, about 25% was from federal research grants (many of which had PIs in the medical school and medical center), about 15% from tuition, and 10% from other sources (not broken down further). This wasn't UCSF, either, where I would expect the medical center's budget to dwarf everything else.

I don't think it would be too far fetched to call it a medical center that happens to have school with 30K undergraduates attached. I wonder how the cost of running the chancellor's office there compares with the costs of administration of a medical services company?

Of course, at this point aren't Yale and Harvard basically hedge funds?