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Originally Posted by waynet
thanks Dip for clearing up some misconceptions. Too many posters blurt stuff out that has no basis in fact.
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Perhaps these bonuses.....thankfully they cut them off this year HOWEVER...
"As the U.S. Postal Service was careening toward a record $8.5 billion loss in 2010, it was paying more than three dozen top executives and officers salaries and bonuses exceeding that of Cabinet secretaries — almost triple the number who were in that category only a year before, according to newly disclosed figures.
Since executive salaries were frozen in 2010, the jump in the number of executives earning more than Cabinet secretaries was the result of performance-based bonuses.
Last week, Postmaster General Patrick Donahoe defended the bonuses, saying they were awarded under the agency's pay-for-performance system after several years of no salary changes."
38 postal execs earn more than Cabinet members - FederalTimes.com
So Figmo was not far off and thankfully they have now reversed.