I would agree with you if you were right, but you are wrong so I won’t.
After a company goes public, that is no where near their biggest activity.
Their biggest activity is managing the revenue, costs, health and growth of the company.
Do you think Tim Cook is out there raising money all the time? Uh. No.
Remember, if a stock in a company goes down, it does not impact the money that the company has.
A college President on the other hand is constantly raising money working with alumni, working with the State or other agencies on grants, etc. Even in this article, he specifically mentioned in the third paragraph that he is doing this in order to make it easier to work with the Texas legislature.
Huh? U of T Austin has about 50,000 students, 25,000 staff - and the President has to make sure that those stakeholders are in line. If an employee leaves, the company hires someone else, or has existing employees do the work. If a student leaves, the college has just lost money - both immediate as well as possible future alumni donations.
If you don’t think a college President doesn’t have quarterly checks from the board of Trustees, you are kidding yourself.