Postal Chief’s $384,000 Pay Sparks Outrage
The chief of the struggling U.S. Postal Service received $384,229 in compensation last year.
Postmaster General Patrick Donahoe, 56, received a base salary of $271,871 in 2011, according to a November filing by the service with the Securities and Exchange Commission. Donahoe also made another $81,954 in pension and deferred compensation. He also benefited from $30,404 in “other” compensation, including security costs, life insurance premiums, parking and financial planning services, reports CNNMoney.
According to the filing, all of the top officers at the U.S. Postal Service had annual base salaries topping $200,000. The Postal Service announced last week the consolidation of 223 processing facilities. These closures may cost 32,000 jobs. The closures are aimed at helping the service get out of debt. The service reported a $5.1 billion loss for the year ended Sept. 30.