This one, by two non-UChicago faculty, is more factually accurate than the Ando intervention, but it still makes a very serious mistake: the Board of Trustees (BOT) played no real role in the financial decisions that produced the current economic mess. They were decisions taken by the President, Robert Zimmer (approved by the BOT), an academic, who earned tenure in mathematics here before embarking on a career in university administration. The BOT here is not nearly as powerful as the authors imagine (tenure and faculty appointments, for example, are approved at the final stage by the President and the Provost, the BOT plays no role). Zimmer saw, correctly, that the financial situation of the University of Chicago was not viable over the long term–at least as a competitor of schools like Harvard, Yale, and Stanford with much, much larger endowments–without an expansion of undergraduate enrollment and tuition revenue. The BOT did not make him do it, so the premise of this CHE piece is mostly silly on that score.