Word: postalized
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Dealing with the postal crunch will be a formidable job for Anthony Frank, 56, who became Postmaster General this month. He replaced Preston Tisch, who returned to the management of Loews Corp. Frank, a former chairman of San Francisco's First Nationwide Financial Corp., has already jumped to the defense of the Postal Service, pointing out that the "magnitude of the task is just beyond belief." As for the higher rates, even critics concede that U.S. postal service is cheap compared with that of other countries. Mailing a letter in West Germany, for example, costs 48 cents, while the price...
Stamp prices are being driven up by the Postal Service's labor costs, which account for 85% of its spending. Critics fault Tisch for not driving a tough enough bargain in negotiations last year with the unions representing 634,000 postal employees. Under the new contract, the average salary of those workers who are covered -- about $25,200 last year -- will rise some 7% by November 1990, not including cost-of-living adjustments. Tisch could have insisted that more of the work force consist of lower-paid, part-time employees. Instead, the Postal Service left in place guarantees that...
Public dissatisfaction with the Postal Service has encouraged private firms to compete wherever the law permits. Mail Boxes Etc., the largest franchise chain of private postal outlets, with some 600 locations in 40 states, sells stamps, wraps packages, rents mailboxes and transmits copies of documents over telephone lines with facsimile machines. In the lucrative overnight-delivery market, United Parcel Service, Federal Express, Purolator Courier and other companies have claimed about 90% of the business...
Postmaster General Frank opposes any move to end the Postal Service's monopoly on first-class and third-class mail. Private firms, he argues, are no substitute for a universal postal service, since they tend to skim the cream off the market, serving well-to-do customers in urban areas but ignoring people in thinly populated regions. Frank admits that the Postal Service could do a better job. One way to help it do so, he says, is increased capital spending to expand facilities and modernize antiquated equipment. If Congress makes that investment possible, Frank is convinced, postal workers...
...Having been thanked in 1981 by John McKean, who had lent Meese $40,000, for what McKean assumed had been Meese's help in getting him appointed to the Postal Service board of governors...