Tuesday, February 17, 2009

Excessive compensation for government executives apparently OK

News article, from the Washington Times:
Postmaster got $800,000 in pay, perks: "Postmaster General John E. Potter recently warned that economic times are so dire that the U.S. Postal Service may end mail delivery one day a week and freeze executive salaries. But his personal fortunes are nonetheless rising thanks to 40 percent in pay raises since 2006, a $135,000 bonus last year and several perks usually reserved for corporate CEOs."
So we are limiting pay and perks for CEO's of private companies who accept govenment bailouts but compensation for those in the government, in "public service" goes unchecked? A $135,000 bonus for an outfit that's bleeding red ink?

Shameful and disgusting.

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