The House passes a major financial overhaul of the USPS

[ProfessorGAC]

66. Nope

There is no DeJoy company.
When XPO bought New Breed (the company that moron ran) he was shown the door & New Breed ceased to exist.
They were a small company & XPO assumed debt & paid cash. No stock swap.
An arcane bit of tax law allowed him to BUY stock in XPO to avoid taxation, but had to be 49% or less.
So, his share of the company amounted to just under $30 million, about $14.8 million in purchased XPO stock.
He holds under 0.2% of outstanding shares of their stock. He's nothing at XPO.
When they took over, there was no severance, no emeritus role, no VP spot, no consulting gig.
The moment they took over he was gone. They consider him useless.
He has ZERO influence at XPO, and those contracts you reference were renewals of contracts that were regular updated since the early 90s.
Those contracts provide long term stability, plus efficiency with a competent company & XPO getting them had hardly anything to do with DeJoy being on the USPS BoG.
Canceling them punishes people who did everything in the open & above board.