DeJoy maintains financial ties to former company as USPS awards it new $120 million contract

[FelineOverlord]

Link to tweet

[Kingofalldems]

1. Arrest him.

[Bristlecone]

2. How TF is this allowed?

[Champp]

3. Republican vampires sucking America's blood

Throw the bum out.

[GoCubsGo]

4. This contract needs to be voided.

He needs to be in prison. Why he is still in that job is beyond me.

[I_UndergroundPanther]

5. Fucking Trumper criminal

Lock his smarmy ass up already,he is tampering with the mail a federal offense.

Fuck those all those fuckers on the post office board that won't vote this traitor scum out.

Wondering if defuckface offered these so called Dem appointees a deal,some money, a cushy job in his delivery company or what.

[C_U_L8R]

6. That is corruption with a capital FU.

Seriously, fire then arrest this crook. Or vice versa.

[FelineOverlord]

8. DeJoy maintains financial ties to former company as USPS awards it new $120 million contract

There was a USPS Board of Governors meeting this morning:

Link to tweet

Link to tweet

Link to tweet

Link to tweet

[questionseverything]

12. Arrest de ass

Clearly he has ruined the postal service so he can privatize it and personally profit

[UTUSN]

18. Is this a0hole locked out of wsorking?

[KS Toronado]

27. $120 million to take over two key sorting facilities

what are they going to do with the sorting machines?
Cut them up for scrap metal like he's done in the past?

[FelineOverlord]

9. DeJoy maintains financial ties to former company as USPS awards it new $120 million contract

Link to tweet

[ProfessorGAC]

23. The Tweet Is Wrong

It says, in the lede "...he once ran...".
He never worked for XPO. Not for a single day.

[ProfessorGAC]

10. Sorry But, No

DeJoy never worked for XPO.
He ran a pipsqueak logistics firm called New Breed.
XPO wanted to expand their presence in the southeast, and felt it was more efficient to buy New Breed to gain an instant foothold, & build new warehousing later.
When XPO took over, they sent DeJoy packing. No management role, no consulting contract, no transition period.
One day XPO took over, and DeJoy was sent packing.
While DeJoy had stock in New Breed, XPO would not give him matching value on his shares.
Of his piece of the sale, half was cash, half was XPO stock.
This left him with too small a piece of the company to be important. He's just another shareholder.
That was all done in a calculated way to get rid of him.
XPO never employed him, XPO never asked for advice, XPO doesn't care about him.
Does he have XPO stock? Yes.
Is that why this deal occurred? No. XPO is a big company with a good reputation and USPS working with them is good business.
DeJoy is an idiot & a jerk. But, this deal is big nothing.

[FelineOverlord]

13. Sorry But, No

As long as we can get rid of him, I don't care how.

Although I believe at least one member's term is up at the end of the year?

[ProfessorGAC]

21. I'm Not Defending Him

At all. I think he's a rotten businessman & an idiotic jerk.
But, he can only be dismissed for cause, and holding stock in a huge company over which he holds no influence, isn't cause.
I want him gone, too. But, this cannot be the reason. It's not illegal, and it's not even unethical as nobody at XPO even speaks with DeJoy.
We don't like the look of it, because it's DeJoy. It's easy to look for every wart on a toad like him.
But, having a wart like this isn't going to be the reason he gets launched.
This is like a PG having $20 million in Apple stock, and then harrumphing over the logistics group getting iPhones.
The PG holds zero sway over Apple, and the total value of the contract is miniscule.
If(!!!!) DeJoy, in any way, influenced decisions at XPO, I'd be in complete agreement.
But, XPO has no interest in anything DeJoy does or says.

[WA-03 Democrat]

15. 100% correct

His strategy and lack of competence are the reason to fire him.

XPO is a large corporation that DeJoy lucked into when his former company was bought for being in the right place at the right time. XPO a good logistics company.

[questionseverything]

17. It doesn't matter if they are a good or bad company

If he has a dollar invested it is a conflict of interest and we don’t need or want the post office privatized

[FakeNoose]

28. DeJoy made $615 million when he sold his company to XPO

(link) http://networth.my.id/louis-dejoy-net-worth/

Maybe he never "worked" for XPO but it doesn't matter. They made him a multi-millionaire. And he's in a position to benefit financially every time he gives a huge USPS contract to this company. So you're being disingenuous when you claim DeJoy has no connection.

[ProfessorGAC]

30. Read Your Own Link

Earnings Wealth and Net Worth 2021 Louis DeJoy is an Entrepreneur fundraiser and investor. Reports estimate that Louis DeJoys net worth is around 110 million and that he and his wife Aldona DeJoy have assets between 30 million and 75 million. 63 years old as of 2020.

He did not get $615 million.
New Breed was sold for $615 million in cash. No stock transfers.
At the time DeJoy had around $30 million in stock. He took half and bought $15 million in stock, which is a legal hedge against taxes on gains.
He has $15 million dollars of XPO stock, which is under 0.1% of the market capitalization of that corporation. He did not OWN XPO. He owned around 5% of it. So, he did NOT get $615 million.
That link of yours is a mess as well.
One paragraph says his NW is $3 billion, and even he never claimed that. So, that website is pretty questionable.
Lastly, USPS has had contracts with XPO when DeJoy was still running New Breed. They've had contracts together for at least 25 years.
And, this $24 million per year contract with USPS is 0.15% of XPO revenue.
There is nothing disingenuous about reporting facts.
You just don't like the facts.
This story is nothing, and will NOT be the cause that gets DeJoy fired.
Being a crappy strategist ought to be enough cause, but so far it hasn't been.

[Maraya1969]

11. They don't have the votes to get this F***ker out yet?

[FelineOverlord]

14. They don't have the votes to get this F***ker out yet?

No. Ron Bloom, a Trump-appointed "Democrat" likes DeJoy.

https://abcnews.go.com/Politics/bidens-usps-board-nominees-oust-embattled-postmaster-dejoy/story?id=77217311

[roamer65]

16. Then Biden needs to fire Bloom.

Fire and keep firing until this fucker is fired.

[Midnight Writer]

19. DeJoy of Crooking

[Hoyt]

20. XPO Logistics has been providing overflow, lastmile, longhaul services to USPS for decades.

[ProfessorGAC]

22. And, As I Said Above...

...DeJoy never worked for or had any influence within XPO.
It's a nonstory.

[monkeyman1]

25. DOJ NEED'S TO STEP IN FUCKING NOW !!! THIS IS FRAUD AT IT'S BEST !!!!

[Hoyt]

29. No it's not fraud.

[patphil]

24. Can we finally flush this turd?

[Zeitghost]

26. I love these threads

They tell me who's paying attention (and is therefore worth paying attention to) and who is biting at every shiney looking clickbait headline that reinforces their beliefs.

[Yo_Mama_Been_Loggin]

31. Emulating the guy who hired him.

Why go into government if you can't make beaucoup bucks?