I worked for at Art & Design department at a Uni for a time in the late 90's, early 2000's.
One work of art was a jam jar full of maggots.
It got knocked over at some point and the maggots escaped, we had bluebottles coming out of every nook and crany for weeks.
You never saw a lecturer before 09:30 and after 16:30., one day off a week for 'research?', ignoring the length of holiday they had (and these were the people who were complaing that they were overworked, and understaffed).
I've never seen such a waste of money in all my life, in the Faculty were I worked, the Dean used to take the Heads of Deparments and Lecturers away to a plush hotel for three days, once a year, to discuss, amongst other things, how to raise external funding.
The bill for the hotel was aroung £100K.
Why they had to take everyone away beggers belief, as they had lecture theatres standing empty most of the time, which would have been entirely suitable for such a meeting.
If Universities were private industry, having to generate their own income, they wouldn't last five minutes in a commercial world.