To be clear, the presidents of those institutions’ have a major goal of bringing in charitable contributions to those institutions. They are paid well in part b

To be clear, the presidents of those institutions’ have a major goal of bringing in charitable contributions to those institutions. They are paid well in part because they bring a TON of money in. But also, there are clearly power law effects here. Your claim is a little bit like looking at Jeff Bezos’s and Zuckerberg’s billions and concluding that all startup CEOs — including those without VC funding — are overpaid.