Watched the segment, here's the full compensation breakdown:
- Base Salary: $458,923
- Travel Expenses: $189,573
- Yearly Bonus: $91,785
- Cost of Living Adjustment: $13,768
- Deferred Compensation: $50,000
- Vehicle Allowance: $12,000
- Total Compensation: $626,475
Personally, I'd argue the vehicle allowance was overhyped, although it's concerning that it appears questionable whether the CEO of our transit agency even rides it regularly. He probably doesn't commute on it, assuming the Queens Harbor address in his name from the Property Appraiser is accurate. $12k a year is definitely not nothing, but for an executive I don't think it's completely ridiculous. The bonus and deferred compensation I am curious about, seeing as by itself they're 30% of his base salary and 23% of his total compensation. What performance would that be based on?
For some other comparisons, Michael Blaylock's salary was $287k the year he left JTA, while Nat Ford's final salary at SFMTA was $308k, down from $315k before taking a salary cut. I will note that adjusted for inflation, his pre-cut salary would be $445k today.
The travel expenses do seem like overkill, although I wonder how this compares to other local movers and shakers. But at the end of the day, JTA's FY 22/23 operating budget was $173 million, of which Ford's compensation would be 0.4%. That doesn't mean it's fine but I'd question the value of making scandal out of this.
Which is to say that I was pretty disappointed that other than "the ever unpopular Skyway" at the beginning, there's no mention of the
actual serious problem with Nat Ford's leadership, of the U2C program. Forget half a million, he's trying to bet
half a billion in public money on self-driving cars that may not work and carry fewer people than the trains that cost half that! Look at Cruise, look at Navya, look at Local Motors! Private companies in this sector are collapsing and Nat Ford is trying to drag the public sector down the same hole! How's that not a story? Or look at his wife, Jannet Walker-Ford, who is an executive at a company (WSP) that is awarded million-dollar JTA contracts! Is there nothing there? Have they checked? If they're looking for a scandal, look for a
scandal!