Lots of interesting stuff to say about this. Powers makes $667k/year which is 17th in the country.
Mike McKinney (ex A&M president): $1.9 million
Gordon Gee (tOSU): $1.9 million
Kent Hance (Texas Tech, general douchebag): $757k
Also interesting to note that last year Powers oversaw $353 million in fundraising which is 4th in the country. I imagine fundraising is where a university president can make the biggest impact, so I think this is to his credit. Please correct me if I'm wrong.
Plenty more to say about this; it's a worth a look.