Hartnett’s amended contract calls for an additional $5000 for work on Caltrain. A 3.5% increase in base salary and a one-year extension on his contract. Also he was awarded a $50,000 performance bonus. This will bring his total compensation (not including pension benefits) to about $500,000.
One might wonder why the Board has anointed CEO Hartnett such a lavish contract. The CBOSS Positive Train Control project is now well over budget, years late and lawsuits are pending with the vendor.
The decision to sign vendor contracts for the “modernization” project, before securing the needed funding will result in Caltrain incurring at least $20 million in additional costs. And that is if the project even manages to proceed.
Finally now disclosed is Caltrain has deceived the FTA when submitting passenger capacity data to support its application for a $647 FTA core grant. When the increased now existing passenger capacity of the train is properly disclosed, the application for the grant fails, since it provides less than a 1% capacity increase, whereas a FTA core grant demands at least a 10% increase.
Such has been Mr. Hartnett’s current performance.