Re: 7/9/04 [USXP] SEC to Hire Psychologist; Universal Express CEO Offers Free Services; Bloomberg: Wanted: Psychologist to ease pressure of working at SEC
SEC to Hire Psychologist; Universal Express CEO Offers Free Services
9 July 2004, 09:00am ET
NEW YORK--(BUSINESS WIRE)--July 9, 2004--Universal Express, Inc. (OTCBB:USXP), hearing that the Security and Exchange Commission despite its 4-day work week has announced its intention to hire a $148,000 per year psychologist* for the morale, stress, burn-out and internal conflicts of the agency; Universal Express' Chairman Richard A. Altomare and recent litigant with the SEC has offered his services for free. "I know how to aid morale. I'll recommend consistent rules and procedures. I also know how to prevent burnout from good employees - I'll remove the incompetent and dishonest ones. I can also remove their stress by having them admit past mistakes and professionally deal with naked short selling and electronic trading oversights. Internal conflicts will disappear when they curtail their new marketing policy of issuing negative press releases instead of first utilizing the legal system set up for such discussions," said Richard A. Altomare.
"When you're in the right - you don't need psychological assistance. When you know that the system is inconsistent and not being enforced fairly - you'll need to speak to someone. That's what, in my opinion, their announcement means," stated Richard A. Altomare.
"The Congress of the United States has rightfully empowered the SEC to regulate our trading system of capitalism. Who is regulating our SEC? A psychologist? I hope future anthropologists have a sense of humor when they read that the SEC claims it is in need of psychological help," stated Richard A. Altomare.
Mentioned Last Change
USXP 0.013 0.0005 dollars or (3.70%)
"Sometimes we can love our country and our capitalistic system enough to fight agencies out of control or out of integrity, Universal Express has sued the SEC usxp.com for much more than a psychologist's salary. I suggest that they save their money," concluded Richard A. Altomare, President & CEO.
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About Universal Express
Universal Express, Inc. owns and operates several subsidiaries including Universal Express Capital Corp. (USXP Cash Express & Leasing Division), and Universal Express Logistics (Luggage Express and the Virtual Bellhop). These subsidiaries and divisions provide its private postal trade association, (UniversalPost) customers, and couriers with value-added services and products, logistical services, equipment leasing, and cost-effective delivery of goods and luggage worldwide. For more information visit www.usxp.com .
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein, which are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies, products and services, delays in testing and evaluation of products and services, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
CONTACT: For Universal Express, Inc.
TransMedia Group
Glen Calder, 561-750-9800
SOURCE: Universal Express, Inc.
finance.lycos.com
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Wanted: Psychologist to ease pressure of working at SEC
By Otis Bilodeau
Bloomberg News
WASHINGTON — The Securities and Exchange Commission (SEC) has a new job opening designed to help prevent employee burnout: an "organizational psychologist."
The post, which pays between $101,000 and $147,978 annually, aims to "improve employee attitudes and satisfaction related to employee retention, job satisfaction, burnout, conflict and stress," according to a listing on the SEC's Web site.
"The position was created to help the agency attract and retain employees of the highest caliber," said SEC spokesman John Nester.
The top U.S. securities regulator has faced an onslaught of corporate scandals since the collapse of Enron in 2001. Chairman William Donaldson replaced Harvey Pitt in February 2003, and New York Attorney General Eliot Spitzer criticized the SEC for failing to detect misconduct in the $7.6 trillion mutual-fund industry.
Congress has more than doubled the SEC's budget since 2002, allowing the agency to raise salaries and hire about 740 new employees. Yet lawmakers say its pace of hiring is too slow, and the SEC returned $120 million from its 2003 budget because of delays in recruiting.
That all adds up to a dream job for the "organizational psychologist," sought by the SEC, said Alicia Grandey, a Penn State University assistant professor who researches workplace stress.
"If you picked up a textbook on organizational psychology, that's what would be in the text," she said, referring to the SEC's job description.
The SEC isn't the only government agency to turn to the specialized field, Grandey said. About six years ago, she considered applying for a job as the FBI's organizational psychologist.
"We did have somebody in that position at one time, maybe a few years ago," said FBI spokesman Paul Bresson. "I'm not sure if he's still around."
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