[@The Harbinger of Ferocity]

Reading that article, I see that this is a decision taken by a class reunion committee, but is this is any way actually endorsed/sponsored by the university in an official capacity? 

A lot of the time (at least in my experience) people who do the whole 'universities destroying freeze peach' thing often conflate student associations or student unions with universities themselves. The latter are (and should be) accountable public institutions, the former however can be akin to private member clubs. In the UK they have different governing structures, and even come under different sections of the law (UK student unions are administered by charity law). Point is I think its disingenuous to tar a college or university as a whole based on something that quasi-affiliated groups do, even if (as in this case) I think the decision is fucking stupid.