As a former grad student who gave up academia when I saw a potential future of adjunct-ness, I have some firsthand knowledge of the situation. I was always struck by how nice the administrative offices were where I went to grad school (Pac 12 school) compared to our dumpy departmental "suite".
If you click the Ohio State link at the bottom of HaverDad's link, you'll see that Ohio State's pres makes $2 million in yearly compensation and has billed $550,000 in travel expenses to the university in the last couple of years.
One of the most notorious recent signs of the triumph of athletics over academics is how Rutgers made cuts like turning off history professors' desk phones (those long-distance calls to the past must be really expensive), but the women's basketball coach gets a monthly allowance for
golfing. More
here .