For most presidents, it's a pay cut, but this is not because they don't get a (significant) salary, it's because they were already rich to start with.
The current salary for the US President is $400,000 per year. The president also has a $50,000/year expense account, a $100,000/year travel allowance, and a $19,000 entertainment budget. Some of the expenses of being president are covered by the government directly (for example, the US government pays for state dinners). Others are not: personal meals for the president, his family, and guests (other than official diplomatic guests) must be paid for by the president. Still, the total compensation package is well over a half-million per year, and part of it is not subject to personal income tax. So it's not like he's hurting for money.
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The president gets paid salary, he does not get a check every month or week, he will be on "direct deposit" for want of another way to say it and a staff member will make sure his blackberry bill and mortgage is paid.
Yes. He is paid an annual salary of $400,000 plus expenses for entertainment and free housing and cars.
President Grover Cleveland
my mum
yes
In 1700 there was no paid office anywhere in the world called "President."
There are corporate executives who get paid much more than the President of the US is paid, however, people do not seek the office of President because of the salary (even if they were concerned primarily with money, very lucrative book deals will follow, after they leave office, and well paid speaking engagements - former Presidents do very well). However, it's not really about the money. People seek to become President because they believe that they can use the power of that office to make America and the world better. Therefore yes, the President is paid enough.