US Postal Service 2007 Annual Report Download - page 36

Download and view the complete annual report

Please find page 36 of the 2007 US Postal Service annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 64

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64

36 | 2007 Annual Report United States Postal Service
Financial Section Part III
Other Officers (continued)
Alexander Lazaroff
Chief Postal Inspector
Lynn Malcolm
Vice President, Controller
Walter F. O’Tormey
Vice President, Engineering
Anthony M. Pajunas
Vice President, Network Operations
Robert J. Pedersen
Vice President, Treasurer
Susan M. Plonkey
Vice President, Customer Service
Tom A. Samra
Vice President, Facilities
David L. Solomon
Vice President, Area Operations (New York Metro)
Douglas A. Tulino
Vice President, Labor Relations
Paul E. Vogel
Senior Vice President and Managing Director, Global Business
Jerry W. Whalen
Vice President, Sales
Terry J. Wilson
Vice President, Area Operations (Southeast)
George W. Wright
Vice President, Chief Technology Officer (acting)
Code of Ethics
The Standards of Ethical Conduct for Employees of the Executive Branch
at 5 Code of Federal Regulations (CFR) §2635 apply to all Postal Service
employees. The Standards were issued in 1993 by the U.S. Office of
Government Ethics, and replaced the individual agency standards then
applicable to all employees of the executive branch. Our employees are also
covered by the Supplemental Standards of Ethical Conduct for Employees
of the United States Postal Service at 5 CFR §7001. The Standards and
Supplemental Standards are detailed and contain many examples to
help employees recognize and resolve ethical issues. We give employees
a summary of the standards, and other ethical conduct materials at
initial employee orientation training and other times during the year. We
also provide annual ethics training for all employees who file a financial
disclosure report. To support our employees on ethical issues, we maintain
a dedicated phone line and e-mail address for providing ethical advice.
Item 11 – Executive compensation
The Postal Service releases information concerning executive compensation
to the extent required by the Freedom of Information Act (FOIA), 5 United
States Code (U.S.C.) 552. Postal Service regulations implementing the FOIA
are located at 39 CFR 265.
Item 12 – Security ownership of certain
beneficial owners and management
related stockholder matters
Not applicable to the United States Postal Service. As an “independent
establishment of the executive branch of the Government of the United
States,” we do not issue equity securities.
Item 13 – Certain relationships and
related transactions
We enter into significant transactions with other government agencies, as
disclosed throughout these financial statements.
Item 14 – Principal accountant fees and
services
In 2002, the Board of Governors selected Ernst & Young LLP as its
independent auditor to perform external auditing services. The competitively
awarded five-year contract, with an option of renewal of up to 36 months,
had an estimated value of $11.7 million covering the financial statement
audits for fiscal years 2003 - 2007. The enactment of P.L.109-435
expands the scope in work requirements of these audit services; however,
we are unable to quantify the estimated additional contract value at this
time. As with previous contracts for external audit services, Ernst & Young
LLP will not perform consulting work for us for the duration of the contract.