That’s not that out of line from what typical in the private sector in the US, once you factor in everything from HR, to building expenses, to health insurance premiums.
Academics who see this as an academia-only thing don't understand that the same growth of bureaucracy that happened to them has happened in every large company too. It's kind of the natural order of things once the dedicated bureaucrats get a foothold.
Someone else has already alluded to this, but do you think it's possible for any organization of appreciable size to not develop "dedicated bureaucrats"?
One answer to a stagnant oligarchy is a populist king/dictator that gets absolute executive power and massively reduces complexity. But that can get very ugly...
No idea why you’d include health premiums in that figure.
Remove that and I just don’t believe you, outside of the most bureaucratic and exceptional companies (eg Google, where the money printing machine has led the company to insane levels of “overhead”).
I’ve worked plenty in the private sector and it’s nonsense to suggest overheads are similar In general.