No kidding.
I was working at OSU (Oklahoma State University) about 4-5 years ago when the annual raises came out.[1]
The 'President', Hargis got a raise of a little over $150,000.00 a year. He was already making a 7 figure salary, while the faculty got a 2-3% raise, and the staff got none.(again, after not getting a raise for 3 years previously)
[1] I had been working there several years at this point, and still work there, but no longer(as of Feb. 09, 2014) as an OSU employee, they subcontracted out the dept. I work for(Custodial and Housekeeping) to save money, Pres. Hargis has recieved a minimum of 5% raise each year, while staff and most faculty salaries remain frozen, or 2% maximum.
When I was hired, they had to give me a raise within 2 months due to the minimum wage going up from $6.90/hr to $7.25/hr. As of the Feb. takeover, I was making $8.25/hr after almost 6 years there.(before everyone started leaving due to the 'takeover', I was only making $7.65/hr-my pay had only gone up $0.40/hr over 5+ years there. After a lot of people started leaving, they gave us remaining fools a substancial(compared to what we were used to) raise to encourage us to stay.(I got bumped from $7.65/hr to $8.25/hr then) We have been at %50 (or less) of req'd. manpower since mid-May 2013. We(OSU) just completed a several million dollar 'campus beuatification' upgrade, amid a lot of other new multi-million dollar construction projects, including the new Boone Pickens Stadium that made news(even front page on slashdot!) recently for being 'unfriendly' to scouts and media.