Talk about your double dipping. Taking tax payer money, and enjoying the fruits of the free market. Meanwhile, I still haven't received my stimulus check.
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.
Mr. Bernstock took home more than $270,000 in cash and other compensation combined in fiscal 2008 by serving on the corporate boards for weight-loss giant Nutrisystem Inc. and Pantry Inc., which runs the Kangaroo Express convenience store chain, according to U.S. Securities and Exchange Commission filings.
Postal officials agreed to let Mr. Bernstock retain his paid outside corporate positions even as he works full time for the Postal Service under a special condition of his June 2008 hiring. In addition, the Postal Service further boosted Mr. Bernstock's finances by awarding him an $85,000 hiring bonus in fiscal 2008 and an $85,000 retention bonus for fiscal 2009, according to a recent postal regulatory filing.
Posts
0 comments:
Post a Comment