Skip to comments.EXCLUSIVE: Postmaster Got $800,000 in Pay, Perks
Posted on 02/17/2009 8:08:29 AM PST by kellynla
Postmaster General John E. Potter recently warned that economic times are so dire that the U.S. Postal Service may end mail delivery one day a week and freeze executive salaries. But his personal fortunes are nonetheless rising thanks to 40 percent in pay raises since 2006, a $135,000 bonus last year and several perks usually reserved for corporate CEOs.
The changes, approved by the Postal Board of Governors and contained in a little-noticed regulatory filing in December, brought Mr. Potter's total compensation and retirement benefits to more than $800,000 in 2008. That is more than double the salary for President Obama.
The new compensation package, much of it deferred to later years, goes beyond a newly beefed-up salary, now $263,575, that Congress arranged for him as part of a 2006 law to make top postal salaries more competitive with those in the private sector. At least four other postal officials got more than a quarter-million dollars in total compensation in 2008, according to Postal Service records reviewed by The Washington Times.
Lawmakers, already trying to limit compensation of Wall Street executives, have taken notice of Mr. Potter's good fortune when the Postal Service is posting nearly $3 billion a year in losses and now wants to raise the price of a stamp by 2 cents.
(Excerpt) Read more at washingtontimes.com ...
GOVERNMENT “executives” can get bonuses when they are hemorrhaging n the red but BUSINESS executives can NOT have bonuses. May God help us!
All those bureacrats and congressmen rave on about excesses when they fly around and the CEOs have to take commercial jets.
Who is really the abuser?
You can just bet our (on) crack media will be ALL OVER THIS ... any second now.
He needs to be capped at $500k
When times are tough, some get to go shopping.
I don’t think the US Post Office is government owned... am I right?
Dude needs a Pay Cap....
Does your mail run on time, though?
If you’re not getting next-day delivery anywhere in the USA for first class postage, you’re getting robbed.
Go get'm senator!
The EPA will probably file an environmental case against you . . . . if they can get their fingers to stop sticking to the keyboard.
It's kind of hard to promise next day delivery from say Boston to San Diego, or say Honolulu to Anchorage. NZ is a good deal smaller than the continental US.
When the last revenue stream for the USPS is junk mail, and they have to raise rates on that in order to pay union salaries and benefits, along with fat cat pay, they will squeeze the final life out of their business.
The Federal Government should have put out to bid postal services decades ago.
This shows part of the reason why.
There has only been one Postmaster General that turned a profit in America’s history.
John C Reagan...Postmaster General of the Confederate States of America.
How’s that for irony?
Based on performance, the pay of our Congressmorons should be cut to zero. Congressmorons should not get a lifetime pension based on one term in office; in fact, they should not get a federal pension at all.
Local postmasters get bonuses too, especially if they reduce the amount of money spent at their branch. This includes reducing the working hours of postal clerks. This past Christmas season, the office I go to was terribly understaffed and there were long lines out the door every day. The reason was that the postmaster there had cut the hours of much of the staff, thus guaranteeing her a nice bonus next time around.
We once had a postmistress here who instructed all of her delivery people to throw all junk mail into dumpsters, so she could cut back on expenses. Finally one carrier dropped a dime on her and she got “promoted” to a bigger office. All very hush-hush. Oh, and the guy who dropped the dime got fired.
That doesn’t surprise me one bit. They usually promote the least competent, and terminate those that actually do the work.
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