This is ludicrous.
Why? Other than ribbon cutting, there isn't much more the President does. That too, for ribbon cutting ceremonies, the government bears the cost of transportation and living expenses. The perks, notably of which are - all living expenses taken care of, so much staff that would give the old time Maharaja's an inferiority complex, unlimited access to the government machinery, and unlimited security.
As for qualifications, other than Dr. Kalam, I don't think any President will come even close to a fresh IIM graduate. So, why even bother comparing anybodies salary to this one? The people who are compared to the salary of the President, are actually useful and important people for the country. Without them, there would be full scale chaos in the country. As for the President of the United States, he is the only one in charge of running the country. He's definitely not a figurehead.
Lastly, what difference will it make by expressing my opinion, like thousands of other educated
people who have already? Nothing. Zilch. Because no one is listening. And no one from the government cares. And no one from the government is so savvy to actually read what the Internet has to say.