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A comment on Harvard University Won’t Require SAT, ACT for Admissions Next Year. Parent comment

Re:Harvard University Won’t Require SAT, ACT for Admissions ... by beaner on Tuesday June 16, 2020 @02:12AM (#23536387)
I haven't read the link but I assume it means something like: The institutions do not have ownable shares that can be traded, and so ownership of the institution itself is not a profit-seeking endeavor (is it even "owned" at all?), but salaries are uncapped and so being employed by it can be?
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Re:Harvard University Won’t Require SAT, ACT for Admissions ... by csharptwdec19 on Tuesday June 16, 2020 @08:50AM (#23538499)
There's more nuance to it but those are the basics.

Mind you, there are extra book-keeping rules. For instance, the highest salaries at an institution (and I believe salaries over a certain amount) and who is making them must be publicly disclosed.

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