As Stanford 's president , Hennessy earns an annual salary of less than $ 600,000 .
In 2008 , Hennessy earned an salary of $ 1,091,589 ( $ 702,771 base pay , $ 259,592 deferred benefits , $ 129,226 nontax benefits ) , the 23rd highest among all American university presidents .
John L. Hennessy