Hey guys, check out this article?
http://www.ecommercebytes.com/cab/abn/y13/m02/i01/s05
Excerpt:
But while there were such bright spots in the 2013 Postal changes, the questions reflected frustration with the relatively large jump in the international first class rate, now called "First Class Package International," which went up overall by 59.6%. One of the questioners said that since he sends a lot of low-weight items, between about three and 10 ounces, he was looking at an increase of more like 100% rather than 59%.
"Unfortunately, it's gut-wrenching to look at the new prices for First Class (Package) International," said Nash. Le Vine pointed out that eBay sellers were not being "picked on" with the new rate; it affects everyone using this service.
Another seller wanted to know if the reason First Class International "skyrocketed" so much was because delivery confirmation had been added?
Nash explained that this was not the reason, but it was rather a reflection of the "state the USPS is in,"
Now read this:
http://www.washingtontimes.com/news/2012/nov/15/us-postal-service-loses-159-billion/?page=all
Excerpt:
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.
Unlike past years, when the Postal Service's politically appointed, bipartisan board of governors awarded executives lucrative deferred compensation deals and incentive bonuses, this year’s compensation increases came mostly in the form of pension plan earnings.
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.
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Dave Partenheimer, a Postal Service spokesman, said the organization has more than a half-million workers and operates more than 32,000 locations. He said postal executive compensation lags compared with private-sector corporations.
“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.”
Unlike most private companies, however, the Postal Service has borrowed billions of dollars from the U.S. Treasury and has a legal monopoly over first-class mail service.
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.
Looks like the few at the top have been hoarding most of the US Postal Service pie. No wonder they've got a deficit. Is it greed? You tell me. 😉
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