MTA executive director Elliot Sander, the face of the disarray in New York City’s transit system today, announced his resignation yesterday. The move gives Gov. Paterson closer watch of the railroad.
Sander gave notice after finishing up the fare deal that saves some subway and bus lines, raises subways a quarter, and avoids crushing rate hikes for the commuter lines.
Don’t cry for Mr. Sander–he gets paid $350,000 in severance. Think of that when you’re paying another 20 bucks for your monthly train pass.
Mr. Sander’s employment agreement calls for him to receive a year’s pay after his resignation takes effect, he said. Mr. Sander’s compensation package is worth about $350,000 a year.
SecondAvenueSagas is, of course, all over it.
[image: NY Times]