For centuries, oligarchs were viewed as empowered by wealth. The common thread for oligarchs across history is that wealth defines them, empowers them and inherently exposes them to threats. The existential motive of all oligarchs is wealth defense.
Two highlights from the Open Letter re: the decimation of #WVU.
"The crisis is largely caused by financial mismanagement; the university is running a $45 million deficit after a decade of real estate boondoggles, administrative bloat, and declining state funding."
"Not a single senior administrator—many making at least five to ten times what most faculty earn—is taking a pay cut."