Sarles received $44,775 payout on leaving NJ Transit

Published April 7, 2011 4:00am ET



Richard Sarles doesn’t only give out large sums to his employees. He also has received them. Metro’s general manager received a vacation payout of $29,775 and $15,000 more in unused sick time after leaving the top job of NJ Transit, according to the Asbury Park Press newspaper in New Jersey.

Sarles received the payout in the same year his salary jumped by joining Metro. When he started as Metro’s interim leader last spring, his salary was the equivalent of $300,000 per year, plus the use of a one-bedroom apartment. That’s well above his $261,324 annual salary in New Jersey, according to the Asbury Park Press. And now, under a three-year contract as general manager, his annual Metro salary has risen to $350,000.

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