Prime Minister of Canada Salary $157,731.00 + Expenses, Living residence.
President of the United States $400,000.00 + $50,000 annual expense account, $100,000 nontaxable travel account, and $19,000 for entertainment.
President of the University of Calgary $480, 000.00 + $130, 500 for sitting on Enbridge Board.
There are some serious flaws in the way we reward competence, ethics and leadership. Serious. The first, and most obvious of which, is that while it's fashionable to overpay University Presidents at the moment (and wrong, the correlation between quality of leadership and understanding of core issues and values central to Academia is clearly disproven in her need to top up her salary with outside contracts), there is no necessary correlation between money paid and quality of direction and leadership. Find someone that shares your institutions values, pay them well (and at $480,000 ++ is too much more than well in my books) and you may be surprised at what value you get. Given the University of Calgary's reputation, this seems not a trifle high but insane.
Meanwhile, half-a-million dollars exhausted my sympathy, that extra hundred plus grand just looks like greed...