Okay, I hate to say this, but…
Considering the responsibilities of the positions, those are pretty crappy salaries even after the raise. Deans at public universities (two levels below the president or chancellor, whichever they are called) make more than that. And in the private sector? Ha!
Why is that bad? Because it makes it harder to find actually qualified folks to fill those jobs. So you end up with mega-rich assholes who are more concerned with how policies affect them than the general good.