Deutsche Post probably paid about €20m ($26m) in pension claims to former CEO Klaus Zumwinkel, Frankfurter Allgemeine Zeitung reported, citing its analysis of the company’s 2008 annual report.
Read MoreThe government could delay plans to sell a stake in Royal Mail amid fears that private bidders might not offer enough cash, The Sunday Telegraph has learned.
Read MorePostal workers opposed to the government’s controversial plans to part-privatise the Royal Mail have taken their campaign to the constituency of the postal affairs minister.
Read MoreUPS CEO Scott Davis was paid $5.6m in total compensation last year, more than double his $2.64m in 2007 total compensation when he was CFO, according to the company’s proxy statement.
Read MoreSA Post Office expects to see another year of profitability, despite the economic crisis.
Read MoreFormer FedEx Kinko’s executives Ken May and Bill Doherty have landed back in Memphis as partners at reverse logistics provider Warehouse86 Ventures LLC.
Read MorePlans to part-privatize Royal Mail are attracting strong interest in its parcel division, which focuses on the more resilient road and home delivery market sectors. It currently holds an estimated 7% share in the European express market and is well positioned given the current economic climate, making it an interesting target for companies wanting to increase their footprint in these growth areas.
Read MoreThe delivery specialist, now renamed ‘Hermes’, is the UK arm of a pan-European home delivery (and returns) network being built by Germany’s Hermes Logistik Gruppe. JD Williams and Land’s End have become the first to sign up.
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