Monday, June 21, 2010

It's Greek to us. Or is it?

To help fix their money problems, Greece recently announced they are selling 39 percent of their Post Offices.

Greece thinks this is a Big Idea. Would this work in the U.S.?
What could we sell and who would buy it?

Leave your comment below.

10 comments:

Anonymous said...

When UPS went public their long-term employees became millionaires. I'd LOVE it if the PO went public. HOWEVER, that would not be what's best for the national good. Sanctity of the mail would be lost, pricing would become a nightmare (which company is charging which fee), and rural folks would probably be dropped. Breaking up AT&T was a disaster. Breaking up the PO would we worse!

Anonymous said...

They should reconsider the policy that bans postal employees from owning postal property. In the begining, post offices were often run out of businesses and homes where the postmaster owned the property. Limiiting rental amounts and the repair process streamlined. The postmaster now has a stronger vested interest in reducing costs and maintainence.

Anonymous said...

I pay my landlord nearly $800 a month rent for this small office, plus we pay their property taxes too! They are responsible for basically the roof, everything else is paid by the USPS. Windows break during a storm, toliet needs replaced, plumbing needs done....the USPS pays for it. What a great system! Imagine if you rented your apartment and you had to do all the repairs...you would think thats unfair. We need to revisit our rental contracts!

grannybunny said...

The only parts of our business we could sell would be the profitable parts -- the areas that FedEx and UPS also serve -- not the mule trains down to the bottom of the Grand Canyon, etc. Universal service would go out the window.

Francis said...

We need to revisit every contract , property we own or rent and verify if it profitable contract or ownership or something that need to be revisited. We also need to look at operations and how much effort we do to grow an business. We have over 600,00 people in assets and we can basically stop as Postal system and become a bank or a IT Service provider or outsourcer or any labor or management service. Basically what I say if we have regulation to not do something new that is current or growing like business we need to revisit them and get them passed and if we can plan and do it before it is too late. Selling properties or business areas will make sense if it is needed to stay afloat but not for sustainable business

Anonymous said...

What would we sell? Stamp stock and equipment? What percentage of the post offices do we really own? We provide a service to many places that no one else will go. If we want to stay afloat we need to be able to make business decisions based on current trends and not have our hands held. Unions and the government need to let us make smart decisions not ones that benefit a few.

Anonymous said...

The Postal Service could dramatically increase productivity and efficiency overnite by converting it to an employee owned company. There is no reason universal service couldn't continue to be maintained by federal law and OIG oversight. The key is, employees who have a financial stake in any organization will automatically want to ensure the health and welfare of it. Gone would be entitlement attitudes and the "sick, lame and lazy."

Anonymous said...

Why isn't the Postal Service looking into employee owned and operated or selling stock into the company, that will pay dividends?

Megan said...

I think allowing postal employees with good standing in the postal community the opportunity to purchase the post office and keep it going if it were to be other wise shut down would be nice but other than that I see no reason for a post office to belong to anyone other than USPS.

Anonymous said...

Selling any property now would be counterproductive. In many markets, the value of real estate is less than was paid for it up to 20 years ago. If they actualy cut out layers of managers with "mystery jobs", (sucha s being married to a higher level mgr), it would serve as a great example andbe a step in the right direction!