
First Day in Hong Kong, Jay Walder Pats Himself on the Back for M.T.A Leadership
Tuesday was Jay Walder’s first day on the million-dollar job in Honk Kong, and while the focus was on fair hikes there in his first press conference, the former M.T.A chief did not hesitate to take a swipe at New York, where frustrations with the politics and finances of the system drove him away.
“New York, when I arrived there, was in a financial crisis,” Mr. Walder said. “The system simply did not have enough money to continue to operate. The assets were not being renewed. And the infrastructure was in terrible condition.”
“What I did,” Mr. Walder continued, “was to be able to right that financial basis and to be able to put the system back on firm financial footing.” Read More






