Jay Walder News
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The heads of New York's Metropolitan Transportation Authority keep quitting. Maybe that's because it's a thankless job that doesn't pay very well.
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Jay Walder resigned today as chairman and chief executive officer of New York’s Metropolitan Transportation Authority, the largest U.S. transit agency, to head MTR Corp., which runs the Hong Kong subway and other rail lines.
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MTR Corp., Hong Kong’s urban rail operator, hired Jay Walder, chairman of New York’s Metropolitan Transportation Authority, as its new chief executive officer.
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Jay Walder , chairman and chief executive officer of the New York ’s Metropolitan Transportation Authority, said he intends to serve his full six-year term which ends in 2015, regardless of who is elected governor in November.
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Joseph Lhota, a former New York City deputy mayor and budget director, was nominated by Governor Andrew Cuomo to head the Metropolitan Transportation Authority, the biggest U.S. transit agency.
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New York’s Metropolitan Transportation Authority, which carries 8.5 million riders a day, counts on freezing pay and raising fees to erase deficits for two years without service cuts.
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“Are we having fun yet?” Joseph Lhota, head of the Metropolitan Transportation Authority, wrote on Twitter Oct. 28, two hours after New York Governor Andrew Cuomo said the largest U.S. transit system would shutter as Hurricane Sandy approached.
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The Metropolitan Transportation Authority prepared for as much as 14 inches (36 centimeters) of snow in the New York City area tomorrow, promising a faster response than during a storm last month that stalled 600 buses and stranded commuters when rail lines shut.
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New York officials intend to shut down the city’s mass transit system this weekend given the predicted strength of Hurricane Irene, said Jay Walder, chairman of New York’s Metropolitan Transportation Authority.
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New York City Mayor Michael Bloomberg issued a mandatory evacuation order for low-lying areas, including Battery Park City and Coney Island, while airports, trains, buses and subways prepared to shut tomorrow as Hurricane Irene approached.
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