A Bailout for the U.S. Postal Service?
Bloomberg News, December 9, 2010
By Angela Greiling Keane
Imagine a company that reported losses in 14 of the past 16 quarters, has too many retail outlets by its own admission, and relies heavily on work done for its two biggest competitors for revenue. Any management consultant would recommend the obvious: Close unnecessary offices, lay off workers, expand into new lines of business, and raise prices. But this is the U.S. Postal Service.
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