|What USPS's top executives were paid last year|
But here’s the real shocker: The CEOs of the Postal Service’s two chief rivals, FedEx and United Parcel Service, at last report each earned more than 27 times what Donahoe made.
The most highly compensated postal employee in Fiscal Year 2013 was actually Ellis A. Burgoyne, the Chief Information Officer & Executive VP. His $230,000 salary, $233,000 pension gain, and $7,000 in other compensation gave him a total package of $470,000.
|Top executives pay at FedEx|
From time to time some grandstanding Congressman (annual salary: $174,000, plus really sweet health coverage and pension deals) will complain that the PMG’s compensation is exorbitant and unfair. And then in the next breath he’ll opine that the Postal Service should operate in a more business-like manner.
That brings up a question we’ve asked before: Is the Postal Service a public service or a business? Should it be run by people with MPAs (Master’s of Public Administration) or MBAs (Master’s of Business Administration)?
Do you measure postal executives’ compensation on a fairness scale in comparison with other public servants? Or do you measure it on a competitive scale in relation to other business leaders?
|Top executives' pay at UPS|
As a result, USPS executives will continue to be drawn mostly from people who have risen through the ranks. That’s not all bad because it means they understand the unique complexities of the Postal Service and how legislation and politics have boxed the agency in.
But it also means that, to access the private sector’s best thinking and technologies, the Postal Service will continue to be overly reliant on consultants rather than the experience of its own people.