Cuomo picks Lhota to head New York MTA
Written by William C. Vantuono, Editor-in-ChiefNew York Gov. Andrew Cuomo late Thursday nominated Joseph Lhota, now executive vice president of administration for Madison Square Garden Co., to succeed Jay Walder as chairman of the Metropolitan Transportation Authority, a state agency. Walder is leaving MTA to head the Hong Kong mass transit system, reportedly at a considerable increase in pay.
Lhota was budget chief for former New York City Mayor Rudolph Giuliani. If confirmed by the state legislature, he would move to MTA in about a month as an interim chief executive officer. Cuomo said Lhota will be asked to take a 5% pay cut from the amount paid the current chairman.
