Retirement
On September 30, the Postal Regulatory Commission unanimously voted to deny Potter's rate hike proposal that would force rates for periodicals mailers up eight percent and raise First-Class mail stamps to 46 cents.
On October 26, 2010, Potter announced his retirement to the Postal Service Board of Governors, which oversees the post office, effective December 3, 2010. Potter's deputy, Patrick R. Donahoe, succeeded him as head of the Postal Service.
Read more about this topic: John E. Potter
Famous quotes containing the word retirement:
“He who comes into Assemblies only to gratifie his Curiosity, and not to make a Figure, enjoys the Pleasures of Retirement in a[n] ...exquisite Degree.”
—Richard Steele (1672–1729)
“Douglas. Now remains a sweet reversion—
We may boldly spend, upon the hope
Of what is to come in.
A comfort of retirement lives in this.
Hotspur. A rendezvous, a home to fly unto.”
—William Shakespeare (1564–1616)
“The student who secures his coveted leisure and retirement by systematically shirking any labor necessary to man obtains but an ignoble and unprofitable leisure, defrauding himself of the experience which alone can make leisure fruitful.”
—Henry David Thoreau (1817–1862)