On the other hand if most of your school’s money is in some investment firm, instead of invested in the wellbeing and learning of your employees and students. And you have a investor as the person with the highest salary.

Then your “school” is more of a financial institution than a school. And probably should be taxed as such.

Looking at you, Harvard: https://www.reuters.com/world/us/harvard-posts-investment-gain-fiscal-2023-endowment-stands-507-billion-2023-10-20/