- Gentlemen, start your drones: Judge’s ruling opens door for commercial use
- Soldier who hid, bragged about not saluting flag to be punished — in secret
- ‘Maverick’ of the seas: ‘Top Gun’ school for U.S. ship officers to launch
- Putin declares Sochi Paralympics open amid Ukrainian protest
- ‘In Jesus name, we pray’ sparks ire at Ohio council meeting
- Navy’s first laser weapon ready for prime time; drone killer to deploy this summer
- Billionaire backer: Rick Santorum ‘needs to be heard’ in 2016
- Obamacare fallout: 49 percent pessimistic; 45 percent ‘scared’
- DHS accused of holding U.S. citizen at airport, using emails to pry into her sex life
- Seattle socialist: Minimum-wage discussion skewed by ‘right-wing’ GAO analysis
Taxpayers must pay the freight for over-budget train projects
Topic - John E. Potter
In a year when the U.S. Postal Service lost more than $5 billion, former Postmaster General John E. Potter still received more than a quarter-million dollars thanks to a hefty deferred-compensation package, a "lifetime achievement award" and a severance deal, records show.
John E. Potter was named to head the Metropolitan Washington Airports Authority on Wednesday, six months after finishing a decade-long stint overseeing the financially beleaguered U.S. Postal Service.
Outgoing U.S. Postmaster John E. Potter, who earned nearly a quarter-million dollars in incentive pay in 2010 on top of a $273,000 salary, is telling fellow Postal Service executives that from now on bonuses and salary increases will be tied to the agency's financial condition.
Outgoing U.S. Postmaster General John E. Potter earned nearly $800,000 last year - an increase of more than $60,000 over the previous year - as the U.S. Postal Service faces the worst financial crisis in its history.
The Obama administration is set to announce approval of a 1,000-megawatt solar project on federal land in Southern California, the largest in a series of solar projects given the go-ahead in recent weeks.
Made popular by the "If it fits, it ships" slogan in television ads, the Priority Mail initiative is seen as a bright spot during otherwise tough economic times for the U.S. Postal Service, where multibillion-dollar deficits and declining mail volume have officials moving to cut a day of delivery.
The executive in charge of the U.S. Postal Service's $13 billion supply-management operation has acknowledged "cracks in the system," saying more than 30 percent of the agency's contracting-officer positions remained unfilled.
Records show that the U.S. postmaster general and his top officials gave investigators varying accounts about the decision to allow a top executive to retain his six-figure outside corporate jobs while working full time, earning more than $230,000 as president of shipping and mailing, for the U.S. Postal Service.
The former $232,500-per-year president of shipping and mailing for the U.S. Postal Service regularly worked on outside corporate business while in the office, even enlisting his postal staff to schedule meetings and arrange for his private travel, postal investigators have found.
The financially troubled U.S. Postal Service pays Robert F. Bernstock a $232,500 salary to oversee its shipping and mailing division, but a little-known hiring provision allows the executive to earn even more money from outside corporate sources.
He said Mr. Bernstock had a "proven record of building businesses and delivering revenue while driving down costs."
"The trouble is, the Postal Service has many long-term, structural fiscal problems that have been brewing under many postmasters as well as congresses," he said. "Lawmakers will have to confront these problems more directly when designing future postmaster compensation packages, not to mention their own postal reform legislation."