Why the State Fair of Texas Paid Its Top Exec $828,000

Big Tex at the State Fair of Texas in Dallas on Sept. 26, 2013 Photograph by Rex C. Curry/AP Photo

August is the month of the state fair in many parts of this agricultural nation, a time for livestock shows, barbecue cook-offs, and butter head sculpture. Lest you mistake the prizes your local 4-H is handing out as big money, consider this: Errol McKoy, the former president of the State Fair of Texas, made $827,904 in total compensation in 2012, according to IRS filings.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.