CNN reported that the postmaster general continues to have $30 million in holdings of his former company XPO Logistics, a USPS contractor, and, despite selling his shares of USPS competitor Amazon, purchased $50,000 to $100,000 in Amazon stock options, which would allow him to purchase Amazon shares at a much lower rate. In addition to his changes at the agency, DeJoy’s finances have also become a significant source of concern. Critics have accused the postmaster general, who does not have USPS experience, of running the public agency too much like a business, with a friend of DeJoy’s telling the Post Thursday DeJoy is “willing to do whatever it takes” to make the USPS “not a money-loser anymore.” Democrats have also speculated that the Trump ally is aiding the president in politicizing the USPS ahead of November and using the agency to “sabotage” the election, though DeJoy has denied that he would act “at the direction of the President” or the Trump administration. DeJoy defended his recent restructuring of USPS leadership, which analysts told the Washington Post “centralizes power around DeJoy.and de-emphasizes decades of institutional postal knowledge,” describing it in the memo as a “strategic plan to achieve operation excellence and financial stability.” Key BackgroundĭeJoy, a major Trump donor and GOP fundraiser, has come under considerable scrutiny for his changes at the USPS, which were outlined in a memo first reported by the Washington Post in July.
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