@JBStillFlying - yes, perhaps it was Hutchins. He gave Chicago a distinctive (unsustainable?) intellectual bent, but took risks that sacrificed the key driver for success at the modern university: cash flow.
To me, it’s unforgivable that a U. that was in the top 3 for wealth dropped to it’s current rank of ~16. All this debt financing and current risk would not have been necessary, but for the mismanagement of past regimes.