AAATA Gives CEO Retroactive Raise
The board of the Ann Arbor Area Transportation Authority has voted to approve a raise for CEO Michael Ford that extends retroactively to October 2012. The board’s vote – to award 3% increases for the previous and current years – came at a special meeting held before the board’s annual retreat on June 10, 2014.
The context of the salary increase includes Ford’s selection as the new CEO for the southeast Michigan Regional Transit Authority, but it’s not clear at this point whether Ford will take the job. At the June 10 meeting Ford said, “Right now, I’m still the CEO here…”
The increase for the period from October 2012 through September 2013 raised Ford’s base salary from $164,800 to $169,744. The … [Full Story]