Hennessy was on NPR (All Things Considered) initially talking about Furd's move to online courses. Moderator Siegel then talk him through a host of topics, including the fate of pubic college education. Let me paraphrase his responses on this issue: Hennessy pointed out that the private endowment model only worked for a limited number of private colleges, and that most students are educated at public institutions which faced major budget shortfalls. He then looked at Cal, calling it the finest public school, and that he and others are deeply worried Cal will not make it, and that would be very bad thing for the country. It might be better to listen to exact words on a podcast, but it was not a put down - he sounded legitimately concerned (note: Hennessy has several degrees from public colleges). A wake-up call from the rival?