What about public universities?

Leftists like to blast corporations for awarding executives outsized compensations. But how about the top guys in public universities? Sure, they probably don’t get hundreds of millions as, say, Lee Raymond (former CEO of Exxon-Mobil) did. But corporations do so with shareholders’ money, and if shareholders disagree, they can just dump the stock and find other companies with governance that they like. In contrast, public universities live on taxpayer money, and the hypocrisy is only too apparent. No wonder janitors are picketing.