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Time - Man of the Year
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Time_Man_of_the_Year_Compact_Publishing_3YX-Disc-1_Compact_Publishing_1993.iso
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08179915.000
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1993-04-08
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THE WEEK, Page 16BUSINESSPink Slips in the Mail
Carvin' Marvin finds fat aplenty in the Postal Service
bureaucracy
Marvin T. Runyon may never get his mug on a commemorative
stamp, but in just one month on the job as Postmaster General,
he has already had a bigger impact on the Postal Service's
bottom line than the popular Elvis issue. Last Friday, in a
dramatic bid to stem 10 straight years of red ink and
bureaucratic bloat, he announced cuts of about 30,000 managerial
jobs -- including more than half of the top 42 posts -- over the
next three months, and a major restructuring of the way the
service is run.
Known as "Carvin' Marvin" during his tenure as chairman of
the Tennessee Valley Authority, Runyon will have his hands full
trying to remold the way 750,000 employees handle (and
sometimes mishandle) 540 million pieces of mail each day. When
legislators set up the Postal Service as a government-sponsored
corporation in 1971, they naively predicted an end to taxpayer
subsidies. But the last time the service broke even was in 1982;
the projected deficit for this year alone is $2 billion.
Runyon hopes to meet his target with incentives for early
retirement, but some layoffs seem unavoidable. Even so, union
leaders applauded the fact that Marvin started carvin' from the
top.