" If college presidents were to divide up their pay and write out checks to all their students, the per-person payout would be fairly low, amounting to no more than $300 per student."
The article is about the cost of overall administrative overhead, not just college presidents. The summary itself is even more misleading, as it attempts to compare base salary's between two very disparate fields. A CEO of a normal "wall street" company makes on average 20% of there income as salary. The rest of there income comes from bonuses, benefits and incentives. A large percentage of which is in the form of stock, something a college will not offer.