Brandeis University announced  Thursday that it paid Jehuda Reinharz, its former president, $4.9 million this month. The funds were due to Reinharz for deferred compensation and sabbaticals that he did not take during his presidency, a Brandeis statement said. The university has been under intense criticism from many students and faculty members over high payments to Reinharz. The university also announced new policies on executive compensation, including a faculty role on panels that review executive compensation and a commitment to release information on executive compensation before it is required. The university statement noted that in revealing the large payments made in January, before such information would be public on tax forms, Brandeis was moving toward the kind of transparency it has pledged to provide.