The Postal Service posted a record ne...

The Postal Service posted a record net loss of $15.9 billion

Posted in the Indianapolis Forum

Since: Dec 06

Indianapolis

#1 Nov 16, 2012
http://www.foxbusiness.com/news/2012/11/15/po...

"We are still walking the financial tight rope," Postmaster General Patrick Donahoe told the agency's board of governors.

Is this guy an idiot or what. If you lose $15.9 billion I would not say they were walking a financial tight rope. I would say we are bankrupt.

How is Obama working out? I know, it's Bush's fault.
close it down

Pierceton, IN

#2 Nov 16, 2012
You got to love them unions, to stupid to realize that when consumers have less money to spend on the products you make or your services, earnings go down,....So time to fold up shop or take a pay cut.......everyone else is....but nope not the Obama supporting unions, way to cut your own throats.
Huh

Granger, IN

#3 Nov 17, 2012
How could they lose that kind of money while delivering no less than 5 campaign related pieces of mail to every household, every day for 6 months?

Since: Dec 06

Indianapolis

#4 Nov 17, 2012
Yep always blame the Unions. Just like the company that I worked for. When it came contract time, there was always no money. After the contract was signed, the CE) and others got a $22millon bonus. They must have found it in an account that they had lost two weeks after we sign the new contract. Unions are now at the lowest and the CEO's are racking the money in. So don't complain about workers not making enough. You all will be making $10 an hour soon if you are lucky. You will have to buy your own health insurance under ObamaCare. Welcome to the new job market. Suck it up and stop complaining. There is also a rumor that Hostess gave its CEO a 80% raise last year. So who is losing?
close it down wrote:
You got to love them unions, to stupid to realize that when consumers have less money to spend on the products you make or your services, earnings go down,....So time to fold up shop or take a pay cut.......everyone else is....but nope not the Obama supporting unions, way to cut your own throats.

Since: Dec 06

Indianapolis

#5 Nov 17, 2012
Because this world today is not like yesterday. Millions of people are doing the same thing I do. I get very few statements in the mail and never send money out in the mail. I do it all online today. The must mail today is advertizements and campaign mail. If I get real mail today, they could delver it one day a week. Most that I get in the mail box goes in file 13.
Huh wrote:
How could they lose that kind of money while delivering no less than 5 campaign related pieces of mail to every household, every day for 6 months?
jle76

Greenwood, IN

#6 Nov 17, 2012
My neighbor was a Postmaster. The crap she got away with was amazing. If one quarter of the employees milked the Post Office like she did it's no wonder.
frederich goebbels

Warsaw, IN

#7 Nov 17, 2012
DavidM wrote:
Yep always blame the Unions. Just like the company that I worked for. When it came contract time, there was always no money. After the contract was signed, the CE) and others got a $22millon bonus. They must have found it in an account that they had lost two weeks after we sign the new contract. Unions are now at the lowest and the CEO's are racking the money in. So don't complain about workers not making enough. You all will be making $10 an hour soon if you are lucky. You will have to buy your own health insurance under ObamaCare. Welcome to the new job market. Suck it up and stop complaining. There is also a rumor that Hostess gave its CEO a 80% raise last year. So who is losing?
<quoted text>
Ummm, let me see, the post office has no CEO, Well an overpriced Postmaster general with 2,000 government supported other lackies in upper management making to much money that is worse off then if it had a ceo, and yet its not the unions fault am I getting this right?

Nice diversion, I never knew Hostess CEO had so much power over the world including the US postal service and its his fault the government supported unions lost 15.9 billion.
Wow this Obama math gets trickier and slicker everyday.
wayne

Lebanon, IN

#8 Nov 17, 2012
http://www.opednews.com/articles/Hartmann--De...

post office isn't loosing anything it's being raped.
moe money

Nappanee, IN

#9 Nov 17, 2012
Hows this for a greedy CEO?

bonus or incentive payout, his overall compensation came to $512,093, compared with $384,229 in 2011, according to regulatory filings.

Fueling the rise was the fact that his retirement account grew by $186,536. A 37-year employee of the Postal Service, Mr. Donahoe was paid $4.76 per hour during his first job as a postal clerk.

Meanwhile, two other executives — Ellis Burgoyne, chief information officer, and Mary Anne Gibbons, general counsel — also received hefty increases in their retirement plans.

In fact, Mr. Burgoyne’s retirement plan grew by more than $270,000, bringing his total compensation to $510,505, slightly less than Mr. Donahoe‘s.

Compensation for Joseph Corbett, the Postal Service’s chief financial officer, rose from $310,483 in 2011 to $315,841 last year, though he earned more than $330,000 in 2010.

In addition, the Postal Service’s chief human resources officer, Anthony J. Vegilante, received $60,000 in retention bonuses for fiscal 2011 and 2012 on top of his $240,000 annual salary, filings show. Nonetheless, Mr. Vegilante’s overall compensation for 2012 dipped to $363,002, compared with $364,667 the previous year.

A sixth postal executive, acting Chief Financial Officer and Executive Vice President Stephen Masse, was not subject to compensation reporting requirements until this year, and he earned $222,919 overall.

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