BREAKING: Cap Metro board approves $285,000 salary for new CEO


Highlights

The board in a noon meeting will vote on a contract for Randy Clarke, the new president and CEO.

Clarke, formerly with the Boston transit agency, currently is a vice president with a transit trade group.

Former Cap Metro CEO Linda Watson made almost $364,000 in total compensation last year.

Randy Clarke, set to become Capital Metro president and chief executive officer in a few weeks, will be paid a salary of $285,000 a year, the transit board decided Monday.

Clarke, under the five-year contract, will also be paid deferred compensation of $25,000 a year, and will be eligible each year for a bonus of up to 10 percent, subject to the board’s evaluation of his performance.

Read the full story on mystatesman.com to find out what else is in Clarke’s contract and what challenges he faces when he starts the new job in March.



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