Pink 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...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!