Yep, just like most businesses. And? Had you posted your OP with a comment about the MTA needing to tighten its belt, most people would be agreeing with you. Instead you post all this ignorant -- but wholly outraged -- prattle about how ridiculous it was for this guy to be making $250K a year, how it showed how wasteful government was, government employees are so overpaid, unions are evil, and on and on.
Only your outrage was (as usual) based on a myth. The guy wasn't making that much per year. It was a one-time payout when the guy retired. That's a common business practice, not unique to the MTA, not unique to government, not unique to unions. If you had any real world experience at all you might understand this. Since you don't, the smart thing to do would be shut your mouth, open your ears and eyes, and learn something about the way the world works. Instead, you're a good little puppet who believes whatever the nutter propaganda machine tells you to believe. There isn't the faintest hint of your brain ever once considering the accuracy of the crap you swallow and regurgitate on cue.