[NoMoreNicksLeft]

>The big problem is that universities basically never hire or promote based on a persons teaching ability.

Because they aren't intended to be educational. Universities (as they are run today) are primarily grant-revenue capture organizations, secondarily research organizations (at least to the degree necessary that grant money doesn't dry up because of fraudulent spending accusations), and finally after that, a begrudged effort is made at education for optics. If they could ditch the education angle entirely, they'd send the students home tomorrow.

[SJC_Hacker]

No, even ignoring tuition and fees a huge chunk of the endowment comes from alumni donations. Mostly former undergrads.

There are pure grad institutions, such as UCSF and Baylor College of Medicine