Seattle port boss’s bonus scheme questioned

Seattle port boss’s bonus scheme questioned

Ted Fick, placed on administrative leave last week, resigned yesterday as ceo of the Port of Seattle.

The local Puget Sound Business Journal is reporting his resignation came in the wake of auditors briefing port officials on their probe into $4.7m in additional compensation to hundreds of port employees.

The Washington State Auditor’s Office concluded the arrangement violated Washington state’s constitution as an unlawful gifting of public funds, the newspaper reported.

Chief operating officer Dave Soike will serve as interim CEO.

Adding to Fick’s woes, he faces a trial next month having been caught by police for drink-driving last year.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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