Outside of the financial issues at Grambling over the past 50 years, the biggest problem on that campus is the fact the stated mission and scope of the university - and corresponding funding from the state - differs from that of its alumni leadership who want a national university with corresponding programs and spending. That's led to a school that maintains underfunded departments and colleges across the board. It doesn't really excel at anything.
What Dillard's president is advocating - at least some of it - might not be a bad idea. Bring in a highly reputable outside consultant for a year. Come up with a plan and then implement it. Appointing a permanent fiscal administrator from the outside; cutting programs, departments, and perhaps entire colleges may upset the alumni base, but it may bring the school in line with its mission and bring some fiscal sanity to the campus.
The damn thing just needs to be closed.
There, I said it.
The answer to the thread title is no, but they always think they are. To be under siege also implies that whatever they possess would have some value. So again, no.