I am also a rank and file academic and you sound like a lot of my colleagues who just sit around and complain about others enjoying the freedom to do so instead of working hard and moving research forward. 

Your comment also speaks to your lack of understanding of the position of the president as it is just like a CEO. Look at what has happened at UBC, UOttawa, Dalhousie, etc. University presidents are so much on the hotseat for everything, even rank and file academics who sit and complain.