Overpaid university bosses cry poor as their foreign-student riches evaporate

Australia’s universities face $5 billion in losses and are crying poor. Their highly paid bosses can make more money in a week than the casual staff, many of whom they have consigned to the dole queue, make in a year. Michael Sainsbury runs the ruler over the numbers and asks why those universities with high reliance on international students have shown such poor risk management.