Rail transit CEO asks to forgo bonus amid financial woes

dan grabauskas hart ceo (1)_86834

One of the city’s top-paid employees has requested to forgo his annual bonus, which amounts to tens of thousands of dollars.

As executive director and CEO of Honolulu Authority for Rapid Transportation, Dan Grabauskas makes just over $257,000 a year.

He received a five-percent raise this month as part of a five-year contract that was renewed last October.

He is also entitled to an annual bonus of 15 percent of his salary, or about $38,000.

In a letter to the chair of HART’s board of directors, Grabauskas wrote:

“The HART team and I are working diligently and responsibly to reduce costs and demonstrate that we are responding seriously to the public’s call for fiscal austerity and self-discipline. For those reasons, I am respectfully asking the board to forego any consideration of a bonus in my review. Now simply is not the time.”

Grabauskas also noted that 2015 is expected to be one of HART’s most fiscally challenging years to date, citing lawsuits, delays, lower-than-anticipated GET revenue and higher costs from an increasingly aggressive construction market.

Click here to read Grabauskas’ letter in its entirety.

Click here to read Always Investigating’s report on HART’s mounting costs.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trending Stories