Even with a 10% pay cut the VC will be remunerated over $1,000,000 per year, even despite the university’s poor financial performance.

Afaik the ANU VC earns about $650k (here). Not that this isn’t probably 6-8x what most others in the university earn.

Pretty much agree with everything you say though. I’m about to graduate from ANU and I’m glad to be leaving tbh.

I would just add that, while the unis are managed poorly, the cuts to the sector by successive governments can’t be excused.