MIT did not renew their contract with Elsevier in 2020, a major reason being their inequitable profit model, and refusal to honor open access agreements. They have a postmortem saying the loss had little impact to their researchers.
How about that for a policy change?
> we are paying millions to Springer, Elsevier, etc. for the use of their names.
As an academic researcher, you are (or your institution is) paying them millions in publication and subscription fees so you can keep your job. Publish or perish.