Nice trolling. Let me explain why that post makes you look ill-informed
The easy attack would be to point out that the chancellor is an honorary position in most institutions and attracts very little, if any, salary.
Vice-Chancellor salaries have exploded, but then so have the salaries of many academics. A front line academic in many of the shortage disciplines will be on £120-170K and probably tops that up with consultancies. If you don’t pay then the successful academics simply go to America or Australia or wherever offers the highest wages/best research environment. It is very difficult to find really good experienced academics who are willing to come to the UK, or more, at the official scales. Retaining them is an absolute nightmare.
As for the corruption this, that is just a load of crap put out to mask the underfunding of the sector (see also the NHS, social care or the prisons for other examples of this kind of thing). The mooted cap on fees from the Govt comes with no promise of additional funding for the sector (in fact there are cuts on the way) so the University sector either has to get entrepreneurial (monetise research and/or attract other sources of funding). To be honest we are falling behind the world and our elite institutions are either self-funding or running to stand still.
Don’t believe the crap published by Murdoch or Dacre or spin from the Govt. The University system (excepting Oxbridge and one or two others) runs on the smell of an oily rag and staff goodwill.