pay

The going rate for a chief executive at a medium to large toll agency in the US is presently in the range $180k to $190k/year salary. That's the conclusion of a study done for Orlando Orange County Expressway Authority by Cody & Associates, a Cocoa Beach Florida management consultancy specializing in pay issues.

Turnpike pay scales and conditions often 50% higher than the state highway department are causing major problems in efforts to integrate the two into a new Massachusetts DOT. The incoming secretary and present Turnpike CEO Jeffrey Mullan said this week in the state legislature that reconciling the differences presented "significant challenges."

Goldman Sachs top execs, we read in this morning's papers, are forgoing their bonuses this year, making do with their $600k/yr salaries. They are, the Wall Street Journal reports, giving up "tens of millions" they are contractually due in 2008 bonuses because "it's the right thing to do" given the problems of the economy and the industry.