jillian
Princess
Despite $15.9 billion loss, U.S. Postal Service execs see boost in pay
Postmaster General Patrick Donahoe, for instance, earned a base salary of $276,840, but even without a bonus or incentive payout, his overall compensation came to $512,093, compared with $384,229 in 2011, according to regulatory filings.'
Despite $15.9 billion loss, U.S. Postal Service execs see boost in pay - Washington Times
why not? isn't that what private industry does, give golden parachutes to people who run the company into the ground... then take give-backs from employees? don't you love that?
but really... try to deal in fact:
Operationally speaking, the USPS nets profits every year. The financial problem it faces now comes from a 2006 Congressional mandate that requires the agency to pre-pay into a fund that covers health care costs for future retired employees. Under the mandate, the USPS is required to make an annual $5.5 billion payment over ten years, through 2016. These prepayments are largely responsible for the USPSs financial losses over the past four years and the threat of shutdown that looms ahead take the retirement fund out of the equation, and the postal service would have actually netted $1 billion in profits over this period.
The U.S. Postal Service | Need to Know | PBS