Big pay increases approved for top Postal Service officers
From Linn’s Stamp News:
Big pay increases approved for top Postal Service officers
BY BILL MCALLISTER
Postmaster General John E. “Jack” Potter and seven other senior United States Postal Service officers have been granted large raises, bythe Postal Service board of governors.
The increases were disclosed by the Postal Service Jan. 3 in response to a Freedom of Information Act request filed by Linn’s.
The raises were approved May 2007 retroactive to Jan. 5, 2007,under the Postal Accountability and Enhancement Act of 2006, which removed the top Postal Service officers from the federal pay cap that restricts the pay of most federal workers to that of no more than the vice president of the United States.
Citing a need to raise the pay of the Postal Service’s top officers, Congress voted in December 2006 to give the postal board of governors authority to boost the pay of up to 12 Postal Service officers up to an amount “not to exceed 120 percent of the vice president’s total annual compensation.” U.S. vice president Dick Cheney is currently paid a salary of $215,700.
The board authorized increases for eight officers.
Potter, the 72 nd postmaster general, got the biggest increase. His salary jumped nearly 39 percent to $258,840, up from $186,600 in 2007.That’s an increase of $72,240 and the maximum pay allowed to Postal Service officers.
The pay of Patrick Donahoe, deputy postmaster general and chief operating officer, jumped to $235,000 from $186,000, a 26 percent raise.
The pay of Harold G. Walker, chief financial officer and executive vice president, rose to $215,000, up from $186,000.
Anthony Vegliante, chief human resources officer and executive vice president, saw his pay rise to $225,000, up from $183,100.
The pay of Anita Bizzotto, chief marketing officer and executive vice president, rose to $225,000, up from $183,100.
The pay of Mary Anne Gibbons, general counsel and senior vice president, rose to $215,000, up from $177,800.
William Galligan, senior vice president for operations, saw his pay rise to $215,000, up from $183,100.
Robert Otto, chief technology officer and vice president, saw his pay rise to $205,000, up from $177,800. Otto retired Oct. 1 and a successor has not yet been named.
Potter’s pay had been at the same level as that of cabinet officers, a reflection of the days when the postmaster general was a cabinet post. Cabinet members will be paid $191,300 this year, according to the Office of Personnel Management.
In releasing the salaries, Postal Service officials noted that in 2003 the President’s Commission on the Postal Service called for increasing the pay of top officers to a level competitive with private industry.
The Postal Service also noted that pay of some corporate executiveswho manage companies with fewer employees than the Postal Service earn far more than Potter will earn. Proctor & Gamble chief executive A.G.Lafley, for example, earns $29 million a year.
It also noted the pay of the executives of two private delivery firms: Frederick W. Smith, CEO of Federal Express earns $8.67 millionand Michael L. Eskew of United Parcel Service earns $3.1 million.
The Postal Service also compared Potter’s pay with that of other postal chiefs.
Deutsche Post pays Klaus Zumwinkel $4 million. Peter Baker of Netherlands TNT earns $2.94 million, and the United Kingdom’s Royal Mailpays Adam Crozier $1.57 million. Australia Post pays CEO Graeme John$1.89 million; New Zealand Post pays CEO John Allen $733,000; Japan Post pays its president Norio Kitamura $246,737; and Canada Post pays CEO Moya Greene $483,876.
Potter’s pay trails that of three other government created organizations. Freddie Mac’s Richard Syron is earning $11.47 million, and Fannie Mae’s Daniel Mudd earns $7.59 million. The Tennessee Valley Authority pays CEO Tom Kilgore $1.6 million.
Just what the public needs to know….and keep giving us poor suckers 1.3 percent a year….thanks for nothing
They are underpaid. The US Postal Service employsees 700,000 employees and has a budget of over 60 billion dollars. The USPS moves more mail in a year than all the wolrds postal services combined. While facing enormouns competition from electronic mediums, the Service continues to improve productivity and reliability. The enormous responsibilities of managing such a huge organization is worth much more than the pittance he and his fellow officers are being paid. The Postal Service is not funded by taxpayer dollars, and is mandated to pay its own way.
This is wrong and the public should know and let them decide if its right.I bet the public says no on this.
These bastards always cite “private sector” pay levels to justify their own pay raises. Yet ALWAYS claim the craft employees are overpaid, even though PRIVATE SECTOR wages for delivery empoyees in other companies (UPS, FEDEX, DHL etc) are the same or higher than postal employee wages.
Typical Conservative, White Collar, Republican self serving hypocrisy! Greedy selfserving bunch of crooks.
EAS got 2% & loosing health care, not even keeping up with inflation
as always do as I say not as I do
Crafts have to fight for wages, health benefits and cost of living. I think they need to dissolve the Postal Service Board of Governors. The crafts are the people who make the postal service operate and yet get no recognition.
This is just the tip of the iceberg!! All they do is continue to cut SERVICE! Why do these Beaurecrats continue to thrive??? We all know - Load your pockets and retire or go to a Private sector job. In all reality they are no nothings that have the power to manipulate the system for their own benfit and he Hell with the Postal Service. History will always reapeat itself.
It is a shame that the rank and file get increases of approximately 1-5% (barely keeping up with cost of living) when the executives get up to 39% (retroactively). It is a known fact that moral in the USPS is at an all time low. Perhaps the “decision makers” should think about who actually makes the system work thereby justifying their large increases. Perhaps they need to consider sharing the wealth. Productivity will never increase when only a select few reap the benefits. If you are comparing the salaries of high level executives to the private sector then do so for all employees as well.
Tell Jack Potter to come to Wisconsin and deliver the mail an see if he can earn one third of that money. I don’t think he could handle the -25 below, and they say the carrier is over-paid. I say BullShit
hey,they ought to thank the union for that much money when they have a job where you can screw up on a consistent basis and still keep your job.if they like that other money so much, go apply for the job……
I think this is something every postal employee should see. Regardless of what is said or isn’t said about salaries, we are a PUBLIC SERVICE organization, corporation, government business. Now how many out there will know that they will have a job in 30 years? Who and what private industry in America can say that other than the Postal Service. Think about it. It’s for our customers, it’s for our families and it’s for our country…that’s why each of us do our jobs daily. Quit straining to focus on the negative of short term and look at the long term. Where will your job be in 30 years? Sheds a new light don’t you think!