Where has all the money gone?

Where Has All The Money Gone? Guest commentary by Ralph D. Westfall.

Interesting column:

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For example, based on data in the California State University Statistical Abstract, the number of full-time faculty in the whole CSU system rose from 11,614 to 12,019 between 1975 and 2008, an increase of only 3.5 percent. In the same time period the total number of administrators rose 221 percent, from 3,800 to 12,183. In 1975, there were three full time faculty members per administrator, but now there are actually slightly more administrators than full-time faculty. If this trend continues, there could be two administrators per full-time faculty in another generation.
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Hat tip: Instapundit