Why Does State Fair Boss Errol McKoy Make So Much Money?

That’s one of the questions Will Arbery asks in this month’s issue. He made $758,918 in 2008. Does that not sound high? Consider this:

McKoy is the highest paid manager of a state fair in the country. His peers don’t even come close. The president of Virginia’s state fair, which brings in about the same revenue, makes $219,037. McKoy’s compensation is not just an outlier among his fellow state fair managers. In 2008, the State Fair brought in total revenues of $36,319,776. The average compensation for the highest paid people working for Texas nonprofits with revenues around $40 million is $209,265.

And this:

McKoy also paid each of the six supervisors under him–Lee Winton (finance), Robert Hilbun (maintenance operations), Ron Black (food and beverage), Mitchell Glieber (marketing/public relations), Jaime Navarro (VP controller), and Eunice Sloan (VP exhibits)–more than $170,000 in 2008. Four earned more than $200,000. These seven employees made a combined $2,256,486–in a year in which the State Fair reported a net loss of $2,787,911.

So maybe more people should be asking questions.

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