Despite a bumpy two-year run which has seen a 25% membership drop and a disastrous 2008 E3, Michael Gallagher, CEO of the Entertainment Software Association, is doing okay for himself.

IRS records filed by the ESA indicate that Gallagher was paid $789,929 for the reporting period of April 1, 2007 to March 31, 2008. Since Gallagher didn't take over at the ESA until late May of 2007, or almost two months into the reporting period, we can probably assume that his annual salary was actually a bit higher. Additionally, Gallagher collected $19,015 in benefits.

By way of comparison, Gallagher's predecessor, Doug Lowenstein, earned $744,344 for the prior year, plus a benefits package valued at $96,616.

It's only fair to point out in Gallagher's defense that many of the conditions which led to a downsized E3 and drastically elevated membership fees were in place before he was hired.

On the same document the ESA reports the salary of ESRB President Patricia Vance as $535,397. It's apparent that the head of the video game industry's rating body has bounced back nicely from the 2005 Hot Coffee fiasco. Highlighted by a successful outreach program to parents and public service messages delivered in concert with various state-level political officials, the ESRB seems to be performing at peak efficiency.