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Author: 2828 Big funky green star, 20000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 756655  
Subject: Re: Twinkies no more...... Date: 11/17/2012 9:21 AM
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And you can't figure out why the workers would strike.
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http://www.washingtontimes.com/news/2012/nov/15/us-postal-se...

Despite nearly $16 billion in annual losses announced by the U.S. Postal Service on Thursday, all but one of the top five executives for the nation's mail service had an overall compensation increase this year, records show.

“As we continue to adjust to a changing business environment, it’s important that we recruit and retain the forward-thinking leadership we need to continue to remain viable,” he said. “Compensation is important to that equation.”

Total compensation for top postal executives is capped at $276,840, based on a rule that executives can’t earn more than 120 percent of the salary of the vice president of the United States. But the board of governors, which approves executive compensation for the Postal Service, can authorize hundreds of thousands of dollars in deferred compensation payments.

The Washington Times reported last year, for instance, that retired Postmaster General John E. Potter, now chief executive of the Metropolitan Washington Airports Authority, was still owed more than $800,000 in deferred compensation payments with payouts scheduled over a decade.
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Are you upset?
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