Only in so much as it aids and placates the politics of their largest donors, or their sense of prestige/relevance. So it once again comes down to wealth, and politics. Be it the class interests of the wealthy, or the cultural interests of positioning.

But the days of being bastions of any true intellectual position are gone, they're now profit interested businesses subject to the whims of management. Not the academic staff.

They're businesses. Wealthy political businesses.

...and NOT intellectual institutions.