As the U.S. Postal Service considers cutting delivery service in the face of dwindling mail volume and rising costs, the postmaster general received a big pay raise and a performance bonus last year, all authorized by Congress.
Postmaster General John Potter’s base salary climbed to $265,000 last year from $186,000 in 2007. He also received a performance bonus of $135,000. In all his total compensation — salary, bonuses, retirement benefits and other perks — topped $850,000, a spokesman with the U.S. Postal Service told Fox News on Wednesday.
At the same time, the Postal Service, an independent federal agency, is crumbling alongside the economy and as online communications increase competition. The Postal Service lost $2.8 billion last year when total mail volume recorded 202 billion pieces of mail, its largest single drop in history — down more than 9 billion pieces from a year earlier.
Despite annual rate increases, including stamp prices set to rise another two cents in May, 2009 could be the first year since 1946 that the actual amount of money collected by the service declines.
Potter told a Senate committee last month that if current trends continue, the agency could lose $6 billion or more this fiscal year.
(Source: Fox News)
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5 Responses
he is making alot less than anyone in th eprivate sec with a job comparbale to his if we want imcoptent peaple making larger losses we should complain
You mean he isn’t incompetent?
The USPS is a GREAT organization. I ship with them every day & their performance record is amazing! 2 – 3 days to California from the east coast with First Class mail? Gimme a break! Their excellent.
Obviously someone at the top is doing a good job. Everybody in business knows, good/bad performance starts at the top and trickles down.
the usps is actually the only federal agency that’s self sufficient. they can pay whatever they want in my opinion, they’re not taking it from the taxpayer.
With the world going electronic, mail is dropping. Every self respecting company sends e-mail now.