Negative sentiment
California High-Speed Rail CEO Resigns Amid Travel Expense Scandal
PN Team • 6 days ago
Ian Choudri, CEO of the California High-Speed Rail Authority, resigned amid a scandal over nearly $600,000 in questionable travel expenses billed by agency consultants, including first-class flights, premium rides and visits to nightclubs and cigar lounges. His resignation came during a board meeting where officials had been weighing discipline, including possible termination, and whether he qualified for a performance bonus. Choudri's two-year tenure also saw the project lose $4 billion in federal funding after missed deadlines, alongside continued cost overruns now estimated at up to $231 billion. The board separately approved a $772 million train contract with Siemens Mobility this week.
Sources:
Sentiment
- California State's rail authority is the subject of a scandal involving wasteful spending and lost federal funding.