Jay Walder, MTA CEO, Resigns: Report

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Jay Welder, the Chairman and Chief Executive Officer at the endlessly frustrating (and poor!) Metropolitan Transportation Authority since 2009, has resigned, reports CBS New York reporter Tony Aiello via Twitter. Governor Andrew Cuomo praised Walder's "commendable job rooting out waste and cutting costs" when he took office, opting to keep Walder in the top spot, though today saw the announcement of $2 billion more in cuts over the next five years. We'll update with more information as it becomes available.

Walder's resignation is effective October 21, at which point he will become CEO of Hong Kong's MTR Corp.

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2 comments
Jwblack120
Jwblack120

So what all he wants is his guaranteed pension what they have to do is look at ALL the employees record those with 3 years of misbehaving fire them oh good luck with that it will be 60% of the work force. There are plenty of garbage working for NYCT

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