Passing The Torch At The Postal Service
When Anthony Frank took over as Postmaster General in 1988, friends warned him he was taking on a thankless task. But Frank, who said on Jan. 7 that he would step down effective Feb. 28, made headway against the Postal Service's stubborn bureaucracy. He slashed the payroll and sped up automation plans. Still, the service posted a $1.6 billion deficit in 1991. His probable successor: Federal Trade Commission Chairwoman Janet Steiger.
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