A.

I think it's less about the amount any one person is paid and more about the huge number of administrators moving paper from one desk to another.

I went to a private liberal arts college with a few thousand students. We had a Dean and four assistant Deans, all of whom made multiple six figures a year. Our president when I was there made $450k/yr and had next to no living expenses.

B.

Private v. public has nothing to do with academic bloat.