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The Dispatch wrote
COTA’s president to retire in 2010
Tuesday, May 27, 2008
William Lhota plans to step down as president and chief executive officer of the Central Ohio Transit Authority in two years. The COTA board of trustees is expected to approve a new contract Wednesday for Lhota that will expire June 30, 2010. It’s expected his base salary will remain at $136,590.
Lhota, 68, has led COTA since 2004. On Lhota’s watch, the authority’s finances have improved. Its budget has operated in the black the past three years, and voters approved a 10-year, 0.25 percent tax levy in 2006.
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COTA President William Lhota to retire in 2010
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:shock: $136k for the president of COTA?!?!
No wonder they need so many levies.
Maybe we can see some young blood in the leadership at COTA to further improve the system.
No wonder they need so many levies.
Maybe we can see some young blood in the leadership at COTA to further improve the system. Lhota was CEO of AEP before this; he isn’t doing it for the money.
Forbes
No wonder they need so many levies.
Maybe we can see some young blood in the leadership at COTA to further improve the system.
Really??
Take the actual performance of COTA out of consideration… I think $136K for pay is probably in the correct ballpark or maybe alittle cheap for a person in charge of an operation as big as COTA.
Do you really want some young gun fresh out of Fisher Biz School making $65K running the show?
Now if you take the reality of how COTA has been run, you maybe be able to debate if this person should keep their job….but compensation for a job this important to our city logistics should not be under market value.
I am just amazed that he is making 6 figures as a public transit official.
It would be great if the new president would go a bit lower to help free up some of their budget.
It could be double or half that without making a serious dent or savings in COTA’s operating budget.
Maybe I am off the mark then?
No wonder they need so many levies.
Maybe we can see some young blood in the leadership at COTA to further improve the system.
Are you kidding? That seems fair to me. COTA is a huge operation, and that’s a lot of responsibility. It’s not at all out of line with what I know other CEOs make.
Maybe I am just of the opinion that anything public/government is paid well over what they should.
That’s a pretty ignorant comment to make. There are a lot fo people in the public sector that work extremely hard to make things better for the rest of us.
You get what you pay for?
For a CEO that seems really cheap.
I understand that, however at the top levels it seems there is a disparity in pay, benefits, etc. from the upper tier to the lower.
Take Ohio. We have a budget issue that is causing significant shortfalls. Did any of our reps or senators step forward to take a slight pay cut?
When minimum wage went up, several industries were restricted from being affected positively by the wage increase. At the same our elected officials received a pay raise. Strickland went from a previous Governors salary under Taft of 130k to 144 and change.
I understand that, however at the top levels it seems there is a disparity in pay, benefits, etc. from the upper tier to the lower.
Take Ohio. We have a budget issue that is causing significant shortfalls. Did any of our reps or senators step forward to take a slight pay cut?
When minimum wage went up, several industries were restricted from being affected positively by the wage increase. At the same our elected officials received a pay raise. Strickland went from a previous Governors salary under Taft of 130k to 144 and change.
$144K to run a state, especially a large state, seems ridiculously cheap. Ohio has roughly a $400 Billion gross state product.
http://www.bea.gov/newsreleases/regional/gdp_state/gsp_newsrelease.htm
Imagine a CEO of a company with a market cap of $400 Billion only making $144K?
$136,000 is fine to me.
Heck, i would be willing to pay up to 250k for this position if it meant we could fill it with someone who could actually run the damn operation.
Sorry I got this off track. It is probably the angry, jaded, tin foil hat wearing libertarian in me that gets a little upset when I see so much of that paid out.
Try working somewhere part time-no benefits, low comparative wage, working a second job to afford rent and food-and hear someone being paid 60k plus, getting mileage benefits, health care and other benefits tell people that they work “part time”.
Try working somewhere part time-no benefits, low comparative wage, working a second job to afford rent and food-and hear someone being paid 60k plus, getting mileage benefits, health care and other benefits tell people that they work “part time”.
Sounds like sour grapes more than libertarianism to me. One can always try to find another job or get more training if they’re unhappy with their salary/benefits.
No, it’s not that. I just feel we have gone a long way from what public service used to mean. I may be in the minority, but comparing our Governor and Reps to CEOs is ridiculous.
BTW,
I feel baptized now that I have gone against the grain on CU.
:D
I’ll happily talk my crazy, screwed up ideas on politics any day…
Reps, yes. But they get paid in the $50s. Governor – no – he runs the largest employer in Ohio and has no golden parachute to bail him out if he fails.
I haven’t been here that long, but wasn’t the last COTA president a LOT worse?